Monthly Zinc Market Report Jul 2025

1 Market Highlights 3
2 Economy and Policy 3
2.1 China wraps up on-site phase of latest central environmental inspections 3
2.2 India's mineral production stays on high growth path in first 2 months of FY26 3
3 Market Movements 3
3.1 Market Movements in China 3
3.1.1 Zinc ingot 3
3.1.2 Zinc concentrate 3
3.1.3 Imported zinc concentrate 50%min 4
3.1.4 Zinc die-casting alloy 4
3.1.Asian Metal Copyright2.Asian Metal Copyright5 Zinc oxide 99.7%min 4
3.1.6 Zinc powder 4
4 Company News 5
4.1 Central Asia Metals ups offer for New World Resources to fend off Kinterra 5
4.2 Bolcris International decreases zinc and lead ore 5
4.3 Nonfemet completes first zinc ingot delivery to LME warehouse in Hong Kong 5
4.4 Zijin Mining sees lower mined zinc and lead output in H1 2025 5
4.5 Izuchukwu to resume zinc and lead ore production 5
4.6 Kayzee Products and Gems to cut zinc ore production 5
4.7 Tibet Zhongkai Mining to resume zinc concentrate production 5
4.8 Azort to resume zinc ore production 5
4.9 Chifeng Zhongse Zinc to increase zinc ingot production 5
4.10 Baiyin Nonferrous to finish equipment maintenance 5
5 Producers Statistics 5
5.1 Zinc ingot 5
5.1.Asian Metal Copyright1.Asian Metal Copyright1 China's refined zinc producers' operating rate up by 9.29% YoY in Jul 5
5.1.Asian Metal Copyright63% MoM in Jul 7 5.Asian Metal Copyright2 China's refined zinc producers' output up by 25.8% MoM in Jul 6
5.1.Asian Metal Copyright04% MoM in Mar 2025 8 6.Asian Metal Copyright3 China's refined zinc producers' stocks down by 35.3% YoY in late this month 6
5.2 Zinc die-casting alloy 6
5.2.Asian Metal Copyright9% YoY in late this month 7 5.Asian Metal Copyright1 China's zinc die-casting alloy producers' operating rate down by 0.62% YoY in Jul 6
5.2.Asian Metal Copyright6 Zinc powder 4 4 Company News 5 4.Asian Metal Copyright2 China's zinc die-casting alloy producers' output up by 33.6% YoY in Jul 6
5.2.Asian Metal Copyright6% YoY in Jul 6 5.Asian Metal Copyright3 China's zinc die-casting alloy producers' stocks down by 30.3% YoY in late this month 6
5.3 Zinc oxide 7
5.3.Asian Metal Copyright63% MoM in Jul 7 5.Asian Metal Copyright1 China's zinc oxide producers' operating rate up by 16.25% YoY in Jul 7
5.3.Asian Metal Copyright1 Central Asia Metals ups offer for New World Resources to fend off Kinterra 5 4.Asian Metal Copyright2 China's zinc oxide producers' output up by 21.6% YoY in Jul 7
5.3.Asian Metal Copyright6% YoY in Jul 6 5.Asian Metal Copyright3 China's zinc oxide producers' stocks up by 18.9% YoY in late this month 7
5.4 Zinc powder 7
5.4.Asian Metal Copyright3 China's refined zinc producers' stocks down by 35.Asian Metal Copyright1 China's zinc powder producers' operating rate down by 8.63% MoM in Jul 7
5.4.Asian Metal Copyright3 China's zinc powder producers' stocks down by 17.Asian Metal Copyright2 China's zinc powder producers' output down by 8.37% MoM in Jul 7
5.4.Asian Metal Copyright2 Peru's zinc concentrate export volume increased 12.Asian Metal Copyright3 China's zinc powder producers' stocks down by 17.2% YoY in late this month 8
6 Customs Statistics 8
6.1 China's zinc concentrate import volume declined 32.87% MoM in Jun 2025 8
6.2 Peru's zinc concentrate export volume increased 12.04% MoM in Mar 2025 8
6.3 China's refined zinc (99.Asian Metal Copyright3 Imported zinc concentrate 50%min 4 3.Asian Metal Copyright99%≤Zn＜99.Asian Metal Copyright4 South Korea's refined zinc Zn≥99.Asian Metal Copyright995%) import volume increased 156.31% YoY in Jun 2025 9
6.4 South Korea's refined zinc (Zn≥99.Asian Metal Copyright1 China's zinc concentrate import volume declined 32.Asian Metal Copyright99%) export volume decreased 38.26% YoY in Mar 2025 9

.Asian Metal Copyright2 Peru's zinc concentrate export volume increased 12Asian Metal Copyright