Glencore Reports 17% Decline in Q1 2026 Zinc Production, Updates Annual Guidance

Published: May 19, 2026 16:33
[Glencore Releases Q1 2026 Report] Glencore published its Q1 2026 report. The report showed that its own zinc production for the quarter was 176,900 mt, down 17% YoY, primarily reflecting the Lady Loretta mine reaching the end of its mine life at year-end 2025, as well as reduced contributions from Kazzinc due to resequencing of own-source raw materials. Glencore's own zinc production guidance for 2026 was 700,000-740,000 mt.

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 for 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
Domestic Zinc Concentrate Supply Tightens, Treatment Charges Fall Nationwide
16 hours ago
Domestic Zinc Concentrate Supply Tightens, Treatment Charges Fall Nationwide
Read More
Domestic Zinc Concentrate Supply Tightens, Treatment Charges Fall Nationwide
Domestic Zinc Concentrate Supply Tightens, Treatment Charges Fall Nationwide
【Domestic Zinc Concentrate Market】Domestic smelters maintained steady purchasing volumes of domestic zinc concentrate this week, and the tight supply pattern of domestic zinc concentrate persisted. Treatment charges kept edging down across most regions. Except for individual northern provinces, treatment charges for domestic zinc concentrate have generally slipped into negative territory nationwide.
16 hours ago
Limited Imported Zinc Concentrate Volumes Amid Smelters' Domestic Preference
16 hours ago
Limited Imported Zinc Concentrate Volumes Amid Smelters' Domestic Preference
Read More
Limited Imported Zinc Concentrate Volumes Amid Smelters' Domestic Preference
Limited Imported Zinc Concentrate Volumes Amid Smelters' Domestic Preference
【Imported Zinc Concentrate Market】Offer volumes of imported zinc concentrate remained limited this week. Smelters prioritized purchasing domestic ore, resulting in sluggish trading sentiment for imported zinc concentrate overall.
16 hours ago
Northwest China Mine Launches June Zinc Concentrate Tender at Reduced Treatment Charge
16 hours ago
Northwest China Mine Launches June Zinc Concentrate Tender at Reduced Treatment Charge
Read More
Northwest China Mine Launches June Zinc Concentrate Tender at Reduced Treatment Charge
Northwest China Mine Launches June Zinc Concentrate Tender at Reduced Treatment Charge
【Domestic Zinc Concentrate Tender】According to SMM, a mine in northwest China recently launched a self-pickup tender for June zinc concentrate at a treatment charge below -700 RMB per metal ton, representing a month-on-month drop of approximately 1,000 RMB per metal ton. SMM will keep tracking subsequent fluctuations in treatment charges.
16 hours ago
[Glencore Releases Q1 2026 Report] Glencore published its Q1 2026 repo - Shanghai Metals Market (SMM)