Teck Resources reported gross profit before depreciation and amortisation of $353 million from its zinc segment for the quarter ended June 30, up from $159 million a year earlier. The improvement reflected higher zinc prices and the continued implementation of an optimised feed strategy at Trail Operations. The company generated $1.7 billion in operating cash flow and ended the quarter with $10.3 billion of liquidity, including $6.1 billion in cash. Teck maintained its full-year zinc production guidance at 410,000–460,000 tonnes, expected to yield 190,000–230,000 tonnes of refined zinc. Further monitoring should focus on Trail Operations’ refined-zinc output, feed availability and delivery against guidance.

[SMM Morning Meeting Minutes: LME Zinc Retreats After Rapid Rise, Focus on Macro Sentiment Changes] Overnight, LME zinc recorded a bearish candlestick with a long upper shadow, but the center moved higher, with short- and long-term moving averages below providing support. Overnight, affected by US-Iran tensions, the US dollar index fell first and then rose, causing LME zinc to retreat after a rapid rise, but...

[Shanghai Zinc: Spot Transactions Sluggish, Market Premiums Lower MoM] Today, mainstream transaction prices for #0 zinc were concentrated in 24,710~24,915 yuan/mt, with Shuangyan mainly traded at 24,850~25,045 yuan/mt and #1 zinc at 24,640~24,845 yuan/mt. In the morning session, market quotes for SMM average price were at premiums of 20~30 yuan/mt, with no quotes against futures yet...

[Guangdong: Zinc Price Continues to Rise, Market Trading Turns Quiet] Guangdong 0# zinc was mainly traded at 24,650-24,840 yuan/mt, mainstream brand quotations against the 2609 contract were -95~-85 yuan/mt, and at a discount of 45 yuan/mt against Shanghai spot, the Shanghai-Guangdong price spread narrowed...

[Tianjin Zinc: Futures Surge, Market Transactions Light] The mainstream transaction price for #0 zinc ingot in the Tianjin market was 24,570-24,820 yuan/mt, Zijin traded at 24,700-24,910 yuan/mt, #1 zinc ingot traded at around 24,570-24,770 yuan/mt, Zijin was quoted at a premium of 10-30 yuan/mt against the 2608 contract, Huxin was quoted at 26,090 yuan/mt, #0 zinc ingot was quoted at a discount of 60-120 yuan/mt against the 2608 contract, and the Tianjin market was quoted at a discount of about 90 yuan/mt against the Shanghai market

[SMM Morning Meeting Summary: LME Zinc Backwardation Structure Widens, LME Zinc Center Moves Higher] Overnight, LME zinc recorded a bullish candlestick, the daily candlestick center moved higher, MACD turned positive, and the middle Bollinger Band below provided support. Overnight, geopolitical conflicts in the Middle East escalated, inflation risks increased, and LME zinc inventory continued to decline...