LME Zinc Spot Extends Gains; Market Worries Over Deliverable Supply Shortage
LME zinc spot extends gains; market worries about insufficient deliverable supply.
LME zinc spot extends gains; market worries about insufficient deliverable supply.
West African nation Gabon is seeking to transition to mining to cope with falling oil production.
Albemarle expects lithium production to remain flat this year and to recover next year.
DR Congo has prohibited exports of copper and cobalt concentrates, mandating local processing.
Allied Gold produced 97,429 ounces of gold in Q2, with the Kurmuk gold mine nearing commissioning.
The Indonesian President's commodity export plan faces internal policy divergence.
A major Hebei steel mill set its August SiMn 6517 tender inquiry price at 5,800 yuan/mt on a tax-included acceptance basis, down 150 yuan/mt from July's settlement.
According to Mysteel research, Indonesia's Weda Bay Nickel (WBN) has been approved for an additional RKAB quota of approximately 25 million wet metric tons for H2 2026, bringing its total annual quota to about 37 million mt.
Australia's Port of Brisbane exported 554,600 mt of coal in June, up 135,200 mt month-on-month, an increase of 32.25%.
Wanli Stone is advancing approval for the delivery of its Namibia uranium mine, with a dual-track strategy covering uranium leaching and lithium extraction.
LME data showed copper inventories down 5,175 mt, with tin down 55 mt, zinc down 975 mt, lead down 3,125 mt, aluminium down 1,500 mt, and nickel down 336 mt.
Affected by soaring tin prices, the company reported an H1 net cash outflow of 239 million yuan, with revenue of 934 million yuan, up 40.62% year-on-year.
Several Queensland-based vanadium developers aim to start upstream production of vanadium pentoxide (V₂O₅) before 2027.
Guangdong plans to orderly expand financial opening-up and promote futures-spot linkage for key commodities such as iron ore, crude oil, and rubber to enhance bulk commodity pricing influence.
Tongguan Mining Construction signed an infrastructure contract for the Cuia-Mavoio copper mine in Angola, with a contract value of approximately US$37.6554 million.
Indonesia plans to increase quotas for large mines, putting pressure on nickel prices.
On August 5, the Baise Aluminum Association organized a symposium on environmental compliance coordination and green, low-carbon development for secondary aluminum enterprises.
The scope of lithium salt plant maintenance expands, leading to lower output and faster inventory drawdown.