Zinc social inventories grow 5,400 mt over holiday weekend

[Domestic TCs remain low as market awaits November pricing]: On a weekly basis, the SMM Zn50 domestic weekly average TC was flat MoM at -2,350 yuan/mt (Zn contained), while the SMM Imported Zinc Concentrate Index fell $6.3/dmt MoM to -$156.5/dmt...

Micron Technology will provide strategic funding for Indium Corporation to expand refining and high-purity materials manufacturing at its Rome, New York facility and restart domestic processing of critical minerals used in advanced semiconductors. The companies will also enter a long-term supply agreement giving Micron access to the resulting materials. Indium Corporation’s existing Rome operations cover indium-, gallium-, germanium- and tin-based compounds. The agreement therefore strengthens a potential U.S. pathway for high-purity indium materials. However, the companies did not identify the minerals covered, investment amount, capacity increase or commissioning schedule, so no incremental indium supply can yet be quantified.

[SMM Flash] The recent performance of the zinc oxide end-user market has been mediocre, and the operating rate of the zinc oxide industry declined this week. Orders from downstream tyre factories for rubber-grade zinc oxide were weak, and demand for household rubber products showed mediocre performance. Orders for electronic-grade zinc oxide remained relatively stable. Demand for feed-grade and ceramic-grade zinc oxide was also mediocre.