[SMM Zinc Morning Meeting Summary: LME Zinc Inventory Continues to Decline, LME Zinc Rises Significantly]: Overnight, LME zinc opened at $3,662/mt, and after opening it rose all the way, touching a low of $3,655.5/mt in early trading and a high of $3,748/mt near the close, finally ending up at $3,745.5/mt, up $84.5/mt, an increase of 2.31%, with trading volume rising to 13,736 lots···

[Ningbo Zinc: Zinc Futures Prices Rise Again, Traders Quote Casually] The transaction price of mainstream 0# zinc in the Ningbo market was around 25,135-25,320 yuan/mt. Ningbo conventional brands quoted a premium of 20 yuan/mt against the 2609 contract and a premium of 30 yuan/mt against Shanghai spot zinc. In Ningbo, mainstream quotes were against the 2609 contract..

[Guangdong: Zinc Prices Rise, Trading Sluggish] Guangdong 0# zinc traded at 25,035-25,220 yuan/mt, with mainstream brands quoted discounts of 80-60 yuan/mt against the 2609 contract and a discount of 70 yuan/mt against Shanghai spot cargo. Shanghai-Guangdong price spread maintained...

[Tianjin Zinc: High Zinc Prices Unbearable for Downstream] In the Tianjin market, mainstream transactions of #0 zinc ingot were at 24,980-25,300 yuan/mt, Zijin transactions were at 25,080-25,360 yuan/mt, #1 zinc ingot transactions were around 24,980-25,220 yuan/mt, Zijin was quoted around a discount of 20 yuan/mt to a premium of 30 yuan/mt against the 2609 contract, Huxin was quoted at 26,480 yuan/mt, #0 zinc ingot was quoted at a discount of 30-120 yuan/mt against the 2609 contract, and the Tianjin market was quoted at a discount of around 110 yuan/mt against Shanghai.

Fresnillo reported revenue of $3.38 billion for the six months ended June 30, 2026, up 74.7% year on year. Its average realised by-product lead price was $0.87/lb, down 2.3% year on year, while the average realised by-product zinc price rose 27% to $1.55/lb. Attributable by-product lead production increased 8.8% year on year, supported by higher ore grades at Fresnillo and Juanicipio and partly offset by lower grades at Saucito. Attributable by-product zinc production was broadly stable. The company maintained its 2026 guidance for attributable lead production of 54,000–59,000 t and attributable zinc production of 85,000–95,000 t. Attributable silver output in H1 was 22 million oz, down 11.4% year on year, while attributable gold output fell 7.3% to 290,900 oz.

[SMM Zinc Morning Meeting Minutes: LME Zinc Ingot Inventory Continues to Decline, Bulls Increase Positions Boosting LME Zinc Rise]: Overnight, LME zinc opened at $3,642/mt, and after opening, drifted higher, dipping to a low of $3,635/mt at the beginning of the session and touching a high of $3,684.5/mt near the end, finally closing up at $3,661/mt, up $27/mt, or 0.74%, with trading volume decreasing to 11,194 lots...