Western Mining Co. Reports 2024 Annual Lead and Zinc Ore Production of 161,000 MT, with Zinc Smelting Capacity Boosted to 200,000 MT/Year

[SMM Zinc Morning Comment] Overnight SHFE zinc stopped rising and started to fall, with KDJ diverging downward. Social inventory stayed high amid weak consumption, zinc prices pulled back after rising, and the SHFE zinc center slightly declined.

[SMM Morning Meeting Minutes: Bulls Exit, Zinc Prices Retreat After Rapid Rise] Overnight, LME zinc recorded a long upper shadow bearish candlestick, with the upper Bollinger Bands forming resistance above. Overnight LME zinc retreated after a rapid rise. On the macro front, renewed tensions in the Middle East intensified inflation concerns, and bulls exiting the market dragged zinc prices lower.

[Lead-Zinc Miner Updates] Recently, the Phase I flotation beneficiation plant project of Hezhang Dingshengxin Mining Development Co., Ltd. achieved a major milestone, with the semi-autogenous grinding mill and ball mill systems successfully completing no-load joint trial runs. This marked that the Zhugongtang super-large lead-zinc mine's mining and beneficiation project has fully entered the stage of combined equipment commissioning. It is reported that the Phase I flotation beneficiation plant of the Zhugongtang lead-zinc mine is expected to be ready for clean water trial runs by the end of June this year, ready for feed trial runs in August, and is striving to officially enter trial production by the end of September, at which point it will initially achieve a production capacity of proc