[Smelters Actively Scrambled for Domestic Ore, TCs in Multiple Regions of China Continued to Decline]: Based on weekly data, the SMM Zn50 domestic weekly average TC fell 100 yuan/mt Zn WoW to 1,250 yuan/mt Zn, and the SMM imported zinc concentrate index dropped $9.25/dmt WoW to -$28.5/dmt...

[Australian Refinery Fire Sparks Zinc Ore Supply Concerns] According to SMM, a fire broke out at the Viva Energy refinery in Geelong, Victoria, Australia, at around 11 PM on April 15, causing a partial shutdown. The refinery is one of only two still operating in Australia, supplying approximately 50% of Victoria's fuel and 10% of the nation's total fuel demand. Given the uncertain production situation and Australia's long-term dependence on diesel imports, the incident sparked market concerns over Australian lead and zinc ore supply. Zinc prices briefly surged above $3,400/mt. Subsequent attention will focus on Australian zinc concentrates production and transportation conditions.

On November 26, the Shanghai Metals Expo (SME) 2025, organized by SMM Information & Technology Co., Ltd. and SMM Trading Center Co., Ltd., wrapped up successfully in Shanghai, China!

To align with the profound transformation trend of the global trade landscape, meet the new requirements for high-quality economic development in China, accelerate the process of establishing Shanghai as an international commodity trading center, international pricing center, risk management center, and supply chain hub, and implement the important instructions of Jining Chen, Secretary of the Shanghai Municipal Committee of the Communist Party of China, during his visit to SMM Information & Technology Co., Ltd. on February 6th—“SMM should vigorously promote the international pricing power of SMM metal and new energy price indices, leverage the platform's influence, and support the construction of Shanghai as an international pricing and trading center for metals and new energy materials.”