South China Zinc Weekly Arrivals Decreased, Attention on Inventory Performance Before Labour Day Holiday

[Teck Q1 2026 Results Released] On April 22, Teck released its Q1 2026 report. The report showed that its total zinc concentrates production for the quarter was 120,300 mt, down 12% YoY, in line with the planned production plans for the Red Dog mine and the Antamina mine. Specifically, the Red Dog mine produced 106,200 mt of zinc concentrates in Q1, down 9% YoY, mainly due to lower grades, in line with mining plan expectations. Antamina's zinc concentrates production attributable to Teck was 14,100 mt, down 31% YoY, mainly due to lower zinc grades and recovery rates, in line with mining plan expectations.

MMG Limited (MMG) has made a strong start to 2026, delivering solid first quarter production results and safety improvements.Total copper production, including copper in concentrate and cathode, increased nine per cent year-on-year to 128,698 tonnes. A result underpinned by robust performances at Las Bambas and Kinsevere. Precious metals production was also impressive, with gold output increasing by 24 per cent and silver by 27 per cent compared with the prior year period. Group precious metals production totalled 32,177 ounces of gold and 2,888,861 ounces of silver. Total zinc production was 50,263 tonnes, three per cent lower than the prior year.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 23 Apr , 2026