Zinc social inventories fell 5,500 mt on week

On the 25th, it was confirmed that the South Korean government will exempt tariffs of 3–8% on critical minerals such as lithium, graphite, and rare earth elements when domestically owned companies directly produce and import them from overseas. The Ministry of Trade, Industry and Energy has pre-announced a new regulation outlining tariff exemptions for overseas resource development projects. Under the policy, a total of 14 critical minerals—including lithium, graphite, nickel, cobalt, manganese, copper, zinc, and rare earth elements such as lanthanum, cerium, neodymium, terbium, dysprosium, yttrium, and scandium—will be eligible for duty exemption when brought into the country. The regulation is set to take effect on April 3.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 26 Mar , 2026

[SMM Zinc Morning Meeting Summary: The Ongoing Middle East Situation Continued to Disrupt the Market, and LME Zinc Fluctuated at Lows]: Overnight, LME zinc opened at $3,053/mt. After the opening, LME zinc fluctuated downward and hit an intraday low of $3,037.5/mt. It then continued to rebound from lows and touched a high of $3,090.5/mt near the close, eventually closing up at $3,081/mt, up $42.5/mt, or 1.4%...