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Chinese zinc smelters rejected Teck Resources’ proposal that they absorb the cost of a 10% reciprocal tariff against the US on the Canadian miner’s shipments of zinc concentrates from its Red Dog mine in Alaska, sources told Fastmarkets, highlighting the challenges producers are navigating as geopolitical risks rise.

LME Week 2025 arrives amid supply disruptions, evolving carbon policies and tariff tensions that continue to reshape the copper, aluminium and zinc markets.

News, insights, analysis and forecasts from LME Week

Access price data and market intelligence to give you a transparent view of how the nickel market will evolve

Follow discussions around decarbonizing the aluminium industry with the latest price trends, market insights and forecasts.

The publication of Fastmarkets’ price assessments of the base metals arbitrage for copper, aluminium, zinc and nickel for Friday August 1 were delayed due to reporter error. Fastmarkets’ pricing database has been updated.

Get the latest ferrous scrap price charts and access the latest ferrous scrap price trends outlook for the global market

Explore the factors behind the 27% increase in MMG copper output in 2025, including Las Bambas and Kinsevere mines' performance.