[Zinc Concentrate Production] According to SMM, a mine in Southwest China resumed production and operations in early March. As output increases in April, zinc concentrates output is expected to rise by more than 500 mt in metal content MoM.

[Zinc Concentrate Production] According to SMM, a mine in North China resumed production and operations in mid-March, and plans to continue ramping up production in April, which is expected to increase zinc concentrates output by around 1,000 mt in metal content MoM.

[Zinc Concentrate Production] According to SMM, a mine in Central China plans to suspend production for a short period for maintenance in April, which is expected to reduce zinc concentrates output by around 500 mt in metal content MoM.

[Smelters Actively Procure Domestic Zinc Ore, China TCs Are Expected to Decline in April]: Weekly data showed that the average weekly SMM Zn50 domestic TC fell 200 yuan/mt Zn MoM to 1,350 yuan/mt Zn, while the SMM imported zinc concentrates index fell $12.22/dmt MoM to -$14.5/dmt...

[Zinc Concentrate Tender] According to SMM, a mine in Southwest China recently set the April tender price for zinc concentrates at nearly 1,400 yuan/mt in metal content, self pick-up at the mine, down by no more than 100 yuan/mt in metal content MoM. SMM will continue to monitor subsequent changes in TCs.

Recently, Yunnan Chihong Zn & Ge Co., Ltd. released its 2025 annual report. The report showed that in 2025, the company's production included zinc concentrates (213,200 mt in metal content), lead concentrates (81,700 mt in metal content), zinc ingot (291,400 mt), and zinc alloy (233,400 mt).

[April China TCs Expected to Face Resistance to Further Gains, Pending the Conclusion of Follow-up Negotiations]: Weekly data showed that the average weekly SMM Zn50 domestic TC held flat at 1,550 yuan/mt in metal content, while the SMM imported zinc concentrates index fell $7.51/dmt MoM to -$2.28/dmt...

[Garpenberg Zinc Concentrates Production Was Suspended Due to Seismic Activity] According to Boliden, production at the Garpenberg mine was temporarily suspended on March 14 due to seismic activity, and the beneficiation plant subsequently also halted production. Seismic activity has since eased, and preliminary inspections of the mine began on March 18. Mine production will gradually resume after inspections of the infrastructure and mining workplaces are completed. It is not yet possible to determine the timing of the production restart or the pace of ramp-up. In 2025, Garpenberg's zinc concentrate production was 101,700 mt in metal content.

[Imported Zinc Concentrate Market] Recently, typhoon weather in Australia has continued to disrupt zinc concentrate transportation, and expectations of tight imported zinc concentrates are expected to persist. Traders in the market have continued to lower TC quotations, and currently quotations for zinc-rich concentrates on spot cargo vessels have fallen to negative levels.

According to the latest customs data, China imported 594,800 mt of zinc concentrates (mt in physical content) in January 2026, setting a new monthly record high. Zinc concentrate imports were 413,900 mt (mt in physical content) in February, bringing cumulative imports in January-February to 1.0088 million mt (mt in physical content), up 17.5% YoY. .