Zinc prices dropped by 0.61% at 290.95 due to a slight increase in smelter production, less impacted by reductions in key regions like Henan and Gansu. Production surged in Qinghai, Inner Mongolia, Xinjiang, Hunan, and Shaanxi.
Domestic refined zinc production is projected to rise by over 20,000 mt monthly in December 2024, marking a 5% increase. However, cumulative output is expected to decline by over 6% year-on-year. The outlook for January 2025 remains optimistic, with high smelter production.
China’s economic landscape is scrutinized due to disappointing export growth and shrinking imports in November. The upcoming Central Economic Work Conference is expected to provide clarity on future targets and stimulus measures.
