Published: May 23, 2024 08:37
【SMM zinc morning comment: high zinc price restricts downstream consumption, and Shanghai zinc center of gravity moves down】Fed officials remain cautious about inflation trends; insiders say Egypt unilaterally changed the ceasefire agreement submitted to Hamas; the U.S. Energy Department announced the sale of nearly 1 million barrels of gasoline reserves; European Central Bank President Lagarde hinted that the interest rate would be cut in June...

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
ACG’s Gediktepe Sulphide Expansion Produces First Copper and Zinc Concentrates; Full Production Targeted by End-2026
38 mins ago
ACG’s Gediktepe Sulphide Expansion Produces First Copper and Zinc Concentrates; Full Production Targeted by End-2026
Read More
ACG’s Gediktepe Sulphide Expansion Produces First Copper and Zinc Concentrates; Full Production Targeted by End-2026
ACG’s Gediktepe Sulphide Expansion Produces First Copper and Zinc Concentrates; Full Production Targeted by End-2026
ACG Metals announced on September 1 that its Gediktepe mine in Türkiye produced its first copper concentrate on August 31, marking the start of the ramp-up phase. The company will progressively increase throughput and optimise plant performance, targeting full production by the end of 2026. Gediktepe’s steady-state annual production target is 20,000–25,000 tonnes of copper equivalent. The full announcement also confirmed that the mine produced its first zinc concentrate in August 2026, although the specific date and volumes were not disclosed. SMM estimates the mine’s zinc-in-concentrate production at approximately 10,000–15,000 tonnes of contained zinc in 2026.
38 mins ago
Data: SHFE, DCE market movement (Sep 02)
3 hours ago
Data: SHFE, DCE market movement (Sep 02)
Read More
Data: SHFE, DCE market movement (Sep 02)
Data: SHFE, DCE market movement (Sep 02)
The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 02 Sep , 2026
3 hours ago
[SMM Flash] Heavy Rain Forces Zhejiang Zinc Alloy Plants to Halt, Resumption Unclear
4 hours ago
[SMM Flash] Heavy Rain Forces Zhejiang Zinc Alloy Plants to Halt, Resumption Unclear
Read More
[SMM Flash] Heavy Rain Forces Zhejiang Zinc Alloy Plants to Halt, Resumption Unclear
[SMM Flash] Heavy Rain Forces Zhejiang Zinc Alloy Plants to Halt, Resumption Unclear
[SMM Flash News]Due to persistent heavy‑rain weather, some die‑cast zinc‑alloy enterprises in Zhejiang have been forced to halt production recently. Several companies received production‑suspension notices late last night, and the exact resumption schedule remains unclear for the time being.
4 hours ago
【SMM zinc morning comment: high zinc price restricts downstream consum - Shanghai Metals Market (SMM)