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).

[Resumo da Reunião Matinal do Zinco da SMM: Estoques da LME em Níveis Baixos, Zinco na LME Flutua em Altas]: Na noite passada, o zinco na LME abriu a US$ 3.591/t, oscilou para cima após a abertura, atingiu uma máxima de US$ 3.623/t, depois recuou completamente, caiu para US$ 3.568/t durante a sessão e finalmente fechou em alta a US$ 3.584,5/t, com alta de US$ 1,5/t, ou 0,04%. O volume de negociações caiu para 11.715 lotes...

[Comentário Matinal do Zinco da SMM: Estoque de Lingotes de Zinco da China Registra Aumento, Consumo Fraco Arrasta os Preços do Zinco para Baixo] Durante a noite, o contrato mais negociado de zinco da SHFE (Bolsa de Futuros de Xangai) para 2608 abriu a 24.840 yuan/tonelada. Após a abertura, o zinco da SHFE oscilou lateralmente em torno da linha da média diária, atingindo uma máxima de 24.860 yuan/tonelada durante a sessão e uma mínima de 24.785 yuan/tonelada perto do final. Fechou em baixa a 24.820 yuan/tonelada, queda de 55 yuan/tonelada, declínio de 0,22%.