Arrivals grow social inventories of refined zinc in Guangdong, Tianjin

On June 4th, Ivanhoe Mines announced that the Kipushi Mine produced a record 25,677 tonnes of zinc in concentrate in May, up 12% from the previous record set in January 2026. During the month, Kipushi mined and hoisted 85,811 tonnes of ore. As of the end of May, surface high-grade run-of-mine stockpiles stood at approximately 12,000 tonnes, grading around 37% zinc, while lower-grade stockpiles totalled approximately 254,000 tonnes at an average grade of around 22% zinc. Kipushi’s year-to-date zinc production reached approximately 110,000 tonnes, putting the mine on track to meet its 2026 production guidance of 240,000–290,000 tonnes and rank among the world’s four largest zinc mines. Construction of Kipushi’s second tailings storage facility was more than 90% complete, with the first deposition of tailings expected in October 2026.

[Posisi Beli Ambil Untung dan Keluar, Seng SHFE Melemah] Kontrak seng SHFE 2607 yang paling aktif diperdagangkan dibuka pada 25.055 yuan/mt. Di awal sesi, posisi beli mengurangi open interest mereka, dan seng SHFE berfluktuasi menurun sepanjang hari, menyentuh titik terendah 24.770 yuan/mt menjelang penutupan, dan akhirnya ditutup turun di 24.800 yuan/mt, turun 350 yuan/mt atau 1,39%. Volume perdagangan turun menjadi 134.000 lot, dan open interest berkurang 10.337 lot menjadi 101.000 lot.

[Informasi Produksi Konsentrat Seng] Menurut SMM, sebuah tambang di Tiongkok Timur Laut baru-baru ini tetap dalam kondisi penghentian produksi karena alasan tertentu dan berencana untuk secara bertahap melanjutkan produksi pada bulan Juli. SMM akan terus memantau perkembangan selanjutnya.