Ningbo Zinc Market Sees Downward Premium Adjustment Amid Weak Downstream Demand

On September 2, the Shanghai Futures Exchange (SHFE) announced that it had approved Shanghai Yuqiang Supply Chain Management Co., Ltd. to adjust its designated warehouse capacity for copper, aluminum and zinc futures. At the storage site at No. 3501 Gonghe New Road, Shanghai, the company will cancel its copper and aluminum futures storage qualifications, while its approved zinc futures warehouse capacity will remain unchanged at 20,000 tonnes. At the site at No. 2222 Jichuan Road, Minhang District, Shanghai, its zinc futures storage qualification will be canceled, while approved capacity will be adjusted to 45,000 tonnes of copper and 5,000 tonnes of aluminum.

Le 2 septembre, Xingye Silver & Tin a annoncé qu'un accident s'était produit dans sa filiale en propriété exclusive Yinman Mining, située dans la bannière d'Ujimqin occidentale, en Mongolie-Intérieure, vers 15 h 30 le 26 juillet 2026, entraînant un décès et aucun blessé. À la suite de l'accident, Yinman Mining a mené des inspections de sécurité complètes et mis en œuvre des mesures correctives. Récemment, l'entreprise a reçu l'approbation du Bureau de gestion des urgences de la bannière d'Ujimqin occidentale pour reprendre l'exploitation de son système de traitement des résidus. L'usine de traitement doit reprendre ses activités le 3 septembre 2026. Parallèlement, Yinman Mining poursuit les travaux correctifs dans la zone minière et vise à reprendre les opérations minières dès que possible.

On September 2, Shengda Resources announced that its wholly owned subsidiary, Chifeng Jindu Mining Co., Ltd., had completed the consolidation of the mining rights for the Shidi Silver-Lead-Zinc Mine and the exploration rights for the Shidi Peripheral Lead-Zinc Polymetallic Mine. Jindu Mining has received the Real Estate Ownership Certificate (Mining Right) and Mining License issued by the Chifeng Municipal Natural Resources Bureau. Following the consolidation, the mining area increased from 4.4750 sq km to 5.2397 sq km. The change is not expected to have a material impact on the company's operating results in the short term, but is expected to increase mineable resources, extend the mine's service life and provide resource support for the company's long-term development.