Supply disruption and financial speculation helped most base metals prices hit 2024 highs in the week to Friday May 24, yet demand remains mostly muted

Raw material tightness added further pressure to imported zinc concentrate supply to China, with volumes dropping sharply in the first quarter and market participants saying that low availability of spot cargoes is not expected to ease in the short term.

This move aligns with global demands for sustainability in the mining sector and sets Nexa on a path toward achieving net zero emissions by 2050

Stocks of base metals in Shanghai bonded warehouses showed mixed fortunes in March, Fastmarkets has learned

Teck Resources and Korea Zinc have agreed annual zinc treatment charges (TCs) at $165 per tonne for 2024, the lowest level since 2021, Fastmarkets has learned from multiple sources.

The Rosh Pinah zinc mine in Namibia will complete its expansion project by July 2026, Ignacio Bustamante, head of base metals at Appian Capital Advisory, told Fastmarkets in an exclusive interview on Thursday April 4.

The most recent financial results published by base metals mining companies highlight just how inflation is affecting profit margins, with increasing wages, financing costs and input prices all hitting profits, sources told Fastmarkets in the week to Thursday March 28

The publication of Fastmarkets’ US base metals prices were published early during the week of March 11-15 following the daylight saving time change in the US on March 10.

Fastmarkets has made a series of corrections to its zinc SHG min 99.995% ingot premium monthly average, delivered UK (MB-ZN-0082) price assessment.

Swiss trader Glencore’s profits halved in 2023 due to weaker energy and metals prices and production, according to the company’s full-year results released on Wednesday February 21