[SMM Flash News] Vedanta released its Q1 2025 report, which showed that the company's zinc concentrates metal production in the quarter was 360,000 mt, up 8% YoY. Among them, Vedanta Zinc International's zinc ore production in Q1 was 50,000 mt, up 52% YoY, primarily due to the improvement in zinc grade and recovery rate at Gamsberg. Zinc India's zinc ore production in Q1 was 310,000 mt, up 4% YoY.

【SMM Flash News】Vedanta released its Q1 2025 report, which showed that the company's zinc concentrates metal production in the quarter was 360,000 mt, up 8% YoY. Among them, Vedanta Zinc International's zinc ore production in Q1 was 50,000 mt, up 52% YoY, mainly due to the improvement in zinc grade and recovery rate at Gamsberg. Zinc India's zinc ore production in Q1 was 310,000 mt, up 4% YoY.

After returning from the Chinese New Year holiday, Q4 reports from listed miners outside China have been released one after another recently. 2025 was a period of concentrated release of new capacity at mines outside China. What was the specific situation? What are the expectations for 2026? Let us analyze it by enterprise.

Sources revealed that Panama and First Quantum were about to reach an agreement on the Cobre Copper Mine.

As of Friday February 17, the SMM Imported Copper Concentrate Index (weekly) stood at $78.23/mt, $1.15/mt lower than February 10.

As of Friday March 10, the SMM Imported Copper Concentrate Index (weekly) stood at $76.29/mt, $1.35/mt lower than March 3. During the week, the spot transaction of copper concentrate was quite active. There were many spot transactions of clean ore between mines and smelters.

Since the end of 2022, frequent interference accidents affected the copper concentrate spot market.

According to Reuters, Freeport Indonesia CEO Tony Wenas said on Tuesday that the company would need to reduce ore production by 40% in 2024 if copper concentrate is not allowed to be exported before the smelter reaches full capacity.

[SMM Analysis: The Old Is Gone, Everything Is New - SMM Copper Concentrates Supply-Demand Balance Table Released] 2024 has passed, and SMM has released the global copper concentrates supply-demand balance table for 2021-2030 based on publicly available data sources and the latest project progress.

[SMM Analysis:Overview of Q4 Copper Production of the Top 20 Global Mining Companies in 2025] According to SMM statistics, copper production by the world's top 20 mining companies in the fourth quarter of 2025 stood at 3,526 kt, a 2.1% increase quarter-on-quarter but a 10.5% decrease year-on-year.