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Zinc Market Outlook: Supply Recovery Supports Smelter Margins but Export Policy and Inventory Risks Persist

In the first half of 2025, mainstream market expectations centered around the pace of zinc mine supply recovery. As supply gradually resumed, zinc prices declined, with the main futures contract falling to the 22,000–23,000 yuan/ton range. As market sentiment stabilized, prices found support. In the short term, the Shanghai zinc main contract is expected to […]

Zinc Market Outlook: Supply Recovery Supports Smelter Margins but Export Policy and Inventory Risks Persist Read More »

India’s Copper Demand Set to Double by 2030 Amid Energy Transition; Adani Smelter Expansion to Cut Imports

On Tuesday, May 13, in response to industrial and energy transition needs, India’s domestic copper demand is expected to double by 2030. Domestic copper industry players include Hindalco Industries, Vedanta, Adani, and state-owned Hindustan Copper. It is estimated that India’s refined copper output is around 555,000 tonnes, and the country imports about 500,000 tonnes of

India’s Copper Demand Set to Double by 2030 Amid Energy Transition; Adani Smelter Expansion to Cut Imports Read More »

Xingye Yinxin to Acquire Australian Tin Miner Atlantic Tin for RMB 454 Million to Expand Global Reserves

On May 5, Xingye Yinxin (000426.SZ) announced that it has signed an Off-Market Takeover Bid Implementation Agreement on April 30 with Atlantic Tin Limited, an unlisted Australian public company. Through its wholly owned subsidiary Xingye Gold, the company plans to acquire 100% of Atlantic Tin’s issued shares via a conditional off-market takeover. The acquisition will

Xingye Yinxin to Acquire Australian Tin Miner Atlantic Tin for RMB 454 Million to Expand Global Reserves Read More »

ILZSG Forecasts Zinc and Lead Market Surpluses in 2025 Amid Rising Global Output

On Friday, April 25, the International Lead and Zinc Study Group (ILZSG) announced its forecast that both the refined zinc and refined lead markets will face supply surpluses in 2025, driven by increased production and moderate demand growth. The group estimates: Refined lead supply will exceed demand by 82,000 tonnes. Refined zinc supply will exceed

ILZSG Forecasts Zinc and Lead Market Surpluses in 2025 Amid Rising Global Output Read More »

White House to Fast-Track Approval of 10 Key Mining Projects Across the U.S.

White House to Expedite Permits for 10 Strategic Mining Projects Supplying Critical Resources On Friday, April 18, the White House announced it will accelerate the permitting process for ten U.S. mining projects aimed at boosting domestic production of copper, lithium, coal, and other critical minerals. The initiative is part of a broader strategy to reduce

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Tensions Rise in U.S.-Ukraine Talks Over Mineral Rights Deal Amid Lack of Security Guarantees

U.S. and Ukrainian officials have engaged in discussions over a proposed U.S.-Ukraine mineral agreement, but according to a source familiar with the matter, the atmosphere was described as confrontational, leaving little hope for a breakthrough. According to reports, the latest draft of the agreement would grant the United States priority access to Ukraine’s mineral resources,

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Trump Suspends Tariffs for 90 Days, Triggers Wall Street Rally While Treasury Market Remains Fragile

During intraday trading overnight, U.S. President Donald Trump announced via social media that he has authorized a 90-day suspension of tariffs on select countries, during which tariffs will be lowered significantly to 10%. The announcement triggered a strong rebound in U.S. equity markets: The S&P 500 surged 9.5%, The Nasdaq Composite jumped 12%,marking their best

Trump Suspends Tariffs for 90 Days, Triggers Wall Street Rally While Treasury Market Remains Fragile Read More »

Malaysia Smelting Corporation Halts Operations Due to Gas Pipeline Explosion in Putra Heights

On April 3, Malaysia Smelting Corporation Berhad (MSC) announced that natural gas supply to its smelting plant has been disrupted following a pipeline explosion in Putra Heights, Selangor, which occurred on April 1, 2025. As a result, the company’s tin smelting operations have been suspended, and the timeline for resuming operations remains uncertain. MSC stated

Malaysia Smelting Corporation Halts Operations Due to Gas Pipeline Explosion in Putra Heights Read More »

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Surging Gold Imports into New York Widen U.S. Trade Deficit

A massive influx of foreign gold into New York vaults is raising concerns that the U.S. trade deficit may approach a historic high. The U.S. Department of Commerce is set to release the February goods trade balance report on Thursday, March 27. Some analysts predict that the deficit could widen further, potentially matching or exceeding

Surging Gold Imports into New York Widen U.S. Trade Deficit Read More »

Trump Invokes Defense Production Act to Boost U.S. Critical Mineral Output

On Thursday, March 20, the White House issued a press release announcing that President Donald Trump has signed an executive order to invoke emergency measures aimed at increasing U.S. mineral production. The order invokes the Defense Production Act (DPA) to provide financing, loans, and investment support for domestic processing of critical minerals and rare earth

Trump Invokes Defense Production Act to Boost U.S. Critical Mineral Output Read More »

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