【Zinc Concentrate Production Update】According to SMM, a zinc mine in Southwest China resumed production in June, increasing zinc concentrate output by approximately 500 metal tonnes month-on-month. Production is expected to continue recovering in July and return to normal operating levels.

According to SMM, a zinc mine in North China continued processing lower-grade ore throughout June, resulting in a month-on-month decline of approximately 500 metal tonnes in zinc concentrate production. Output is expected to decrease further in July.

[Zinc Concentrate Production Update] SMM understands that a mine in central China plans to undergo maintenance and suspend production for a short period in July, which is expected to result in a MoM reduction of approximately 500 mt in metal content of zinc concentrates in July.

[Zinc Concentrate Production Update] SMM understands that a zinc mine in southwest China remained suspended throughout June. The resumption of production is now expected to be delayed until mid-July, which is expected to bring an increase of nearly 500 mt in metal content.

Time flies as the midpoint of 2026 approaches. The zinc concentrate market has witnessed another extraordinary price cycle this year. As of June 12, domestic zinc concentrate treatment charges (TCs) plunged to -50 yuan per metric ton of zinc metal, marking the arrival of negative TCs. Meanwhile, TCs for imported zinc concentrate tumbled to -71.2 US dollars per dry metric ton, both hitting all-time record lows.

[Zinc Concentrate Production Information] According to SMM, a mine in northeastern China has remained shut down this year due to certain reasons. The mine currently plans to gradually resume production in July, and SMM will continue to track its subsequent performance.