SMM 2017 Lead & Zinc Summit: Outlook of Zinc Downstream Industries

Central Asia Metals (CAML) announced that, thanks to improved operational efficiencies, its copper and zinc production for the first five months of 2026 both surpassed the same period last year. Copper output from the Kounrad operation in Kazakhstan totalled 5,141 tonnes, a near 4% increase over the last year. Meanwhile, the Sasa mine in North Macedonia produced 7,566 tonnes of zinc in concentrate, up over 2% compared to last year. In terms of pricing, the company reported significantly higher realized metal prices during the period. The average price of copper reached $13,076 per tonnes, representing a massive jump of nearly 40% over the last year, while average zinc prices rose 19% to $3,299 per tonne. In addition, historically low treatment charges for lead, which have turned negative, further boosted Sasa’s revenues. CEO Gavin Ferrar noted that the group is shaping up to deliver strong profitability and cash generation in the first half of 2026. Currently, the company is actively pushing forward with its acquisition of Australia's Cygnus Metals, announced last week, to expand its footprint into a high-grade copper-gold project in Quebec, Canada. The company remains highly confident in meeting its full-year production guidance (12,000–13,000 tonnes of copper, 18,000–20,000 tonnes of zinc concentrates, and 26,000–28,000 tonnes of lead concentrates).

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[SMM Komentar Pagi Seng: Stok Ingot Seng China Mencatat Kenaikan, Konsumsi Lemah Menyeret Harga Seng] Semalam, kontrak seng SHFE 2608 dengan volume perdagangan tertinggi dibuka pada 24.840 yuan/mt. Setelah pembukaan, seng SHFE bergerak mendatar di sekitar garis rata-rata harian, menyentuh tertinggi sesi 24.860 yuan/mt dan terendah 24.785 yuan/mt menjelang penutupan. Akhirnya ditutup lebih rendah di 24.820 yuan/mt, turun 55 yuan/mt, penurunan 0,22%..