Shanghai Zinc Market Sees Volatile Trading Amid Persistent Weak Consumption, 2410 Contract Ends Flat

On September 2, the Shanghai Futures Exchange (SHFE) announced that it had approved Shanghai Yuqiang Supply Chain Management Co., Ltd. to adjust its designated warehouse capacity for copper, aluminum and zinc futures. At the storage site at No. 3501 Gonghe New Road, Shanghai, the company will cancel its copper and aluminum futures storage qualifications, while its approved zinc futures warehouse capacity will remain unchanged at 20,000 tonnes. At the site at No. 2222 Jichuan Road, Minhang District, Shanghai, its zinc futures storage qualification will be canceled, while approved capacity will be adjusted to 45,000 tonnes of copper and 5,000 tonnes of aluminum.

Em 2 de setembro, a Xingye Silver & Tin anunciou que ocorreu um acidente em sua subsidiária integral Yinman Mining, em West Ujimqin Banner, na Mongólia Interior, por volta das 15h30 do dia 26 de julho de 2026, resultando em uma fatalidade e nenhum ferido. Após o acidente, a Yinman Mining realizou inspeções de segurança abrangentes e implementou medidas corretivas. Recentemente, a empresa recebeu aprovação do Departamento de Gestão de Emergências de West Ujimqin Banner para retomar as operações em seu sistema de rejeitos de processamento de minério. A planta de processamento está programada para retomar as operações em 3 de setembro de 2026. Enquanto isso, a Yinman Mining continua o trabalho corretivo na área de mineração e visa retomar as operações de mineração o mais rápido possível.

On September 2, Shengda Resources announced that its wholly owned subsidiary, Chifeng Jindu Mining Co., Ltd., had completed the consolidation of the mining rights for the Shidi Silver-Lead-Zinc Mine and the exploration rights for the Shidi Peripheral Lead-Zinc Polymetallic Mine. Jindu Mining has received the Real Estate Ownership Certificate (Mining Right) and Mining License issued by the Chifeng Municipal Natural Resources Bureau. Following the consolidation, the mining area increased from 4.4750 sq km to 5.2397 sq km. The change is not expected to have a material impact on the company's operating results in the short term, but is expected to increase mineable resources, extend the mine's service life and provide resource support for the company's long-term development.