Kipushi Delivers Record Zinc-in-Concentrate Output in Q1 2026

Published: Apr 14, 2026 09:29
On April 14, Kipushi concentrator from Ivanhoe reported record zinc-in-concentrate production of 65,044 tonnes in Q1 2026, up 6% quarter-on-quarter from 61,444 tonnes in Q4 2025. January output alone reached a record 22,968 tonnes. The quarterly improvement was supported by strong concentrator performance, with ore milled at 196,774 tonnes, feed grade at 36.96% zinc, and zinc recovery at 90.63%. Despite the record result, operations were still affected by electrical grid instability. After increasing on-site back-up generator capacity by 20% to 20MW in Q4 2025, Kipushi has now also completed and commissioned upgrades to its 120kV intake substation, which are expected to improve operational stability and better protect key infrastructure including the concentrator and shaft.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
SHFE Zinc Slightly Recovers [SMM Zinc Morning Comment]
4 hours ago
SHFE Zinc Slightly Recovers [SMM Zinc Morning Comment]
Read More
SHFE Zinc Slightly Recovers [SMM Zinc Morning Comment]
SHFE Zinc Slightly Recovers [SMM Zinc Morning Comment]
[SMM Zinc Morning Comment] Overnight, the most-traded SHFE zinc 2605 contract opened at 23,500 yuan/mt, briefly dipped to a low of 23,475 yuan/mt at the start of the session. Bulls then increased their open interest, and SHFE zinc quickly rallied to a high of 23,740 yuan/mt before the center shifted slightly lower. It ultimately closed up at 23,710 yuan/mt, gaining 135 yuan/mt, a rise of 0.57%. Trading volume fell to 39,077 lots, while open interest increased by 288 lots to 74,664 lots.
4 hours ago
U.S.-Iran Tensions Fluctuate, LME Zinc Center of Gravity Shifts Downward [SMM Morning Meeting Minutes]
4 hours ago
U.S.-Iran Tensions Fluctuate, LME Zinc Center of Gravity Shifts Downward [SMM Morning Meeting Minutes]
Read More
U.S.-Iran Tensions Fluctuate, LME Zinc Center of Gravity Shifts Downward [SMM Morning Meeting Minutes]
U.S.-Iran Tensions Fluctuate, LME Zinc Center of Gravity Shifts Downward [SMM Morning Meeting Minutes]
[SMM Morning Meeting Minutes: U.S.-Iran Tensions Fluctuate, LME Zinc Center Shifts Downward] Overnight, LME zinc opened at $3,310/mt. In the early session, LME zinc fluctuated upward and touched a high of $3,343.5/mt during European trading hours. Subsequently, bears increased their open interest, and the LME zinc center shifted downward, hitting a low of $3,295/mt during the night session. The center then lifted, and LME zinc ultimately closed lower at $3,323/mt, down $12/mt, a decline of 0.36%. Trading volume rose to 9,399 lots, and open interest increased by 4,520 lots to 217,000 lots.
4 hours ago
South32 Hermosa Secures US$166 Million DOE Grant for Battery Manganese Project
17 hours ago
South32 Hermosa Secures US$166 Million DOE Grant for Battery Manganese Project
Read More
South32 Hermosa Secures US$166 Million DOE Grant for Battery Manganese Project
South32 Hermosa Secures US$166 Million DOE Grant for Battery Manganese Project
South32’s Hermosa project in Arizona has been notified of a US$166 million grant from the U.S. Department of Energy (DOE) to support development of a commercial-scale battery-grade manganese facility. The funding will support construction of a key part of the project, which aims to strengthen U.S. domestic supply of critical battery materials for EV and energy storage applications. According to the project timeline, early development and construction activities are progressing through 2025–2027, with zinc-production targeted around 2027.
17 hours ago