[SMM Flash News] Honey Badger Silver Initiates Updated Economic and Resource Studies for Prairie Creek Mine

In H1 2026, Americas moly supply divergence deepened. Despite stronger mining profits, overall output failed to rebound. While H2 may see recoveries at select large mines, supply elasticity remains constrained. Which operations are dragging on supply, and where will incremental growth emerge? SMM data reveals a market entering a new phase of "stronger margins, diverging production, and concentrated incremental gains."...

[SHFE zinc continues to consolidate at highs; watch macro and inventory performance] The most-traded SHFE zinc 2611 contract opened at 26,845 yuan/mt. After the open, bulls reduced positions, dragging SHFE zinc down to 26,635 yuan/mt. Subsequently, bears cut positions, driving prices to rebound. Near the end of the session, prices touched a high of 26,890 yuan/mt, and the contract finally closed up 40 yuan/mt, or 0.15%.....

[SMM Shanghai Spot Copper] Looking ahead to next week, on the night of September 10, SHFE copper prices pulled back notably from the previous trading day, erasing all weekly gains. The SHFE copper 2609 contract mainly traded in the range of 109,000–109,700 yuan/mt. As the center of copper prices shifted lower, downstream pricing activity improved significantly. According to SMM, some processing enterprises conducted concentrated pricing during the night session, with overall pricing volume notably higher than the previous trading day. Driven by concentrated pricing, downstream raw material procurement demand was released simultaneously, and inquiries and transactions in the Shanghai spot copper cathode market improved markedly from the previous trading day. In addition, the import window rarely opened, and expectations for subsequent imported copper supply edged up. Next Tuesday is the delivery date for the SHFE copper 2609 contract, and after the contract rollover, spot copper quotes against SHFE copper are expected to remain at a high premium.