- HSBC's Global Commodity Team warned that the global zinc market is showing extreme tightness due to supply disruptions and recovering demand.
- Global mine supply is expected to fall 2.1% y-o-y to 12.5mt in 2026, while London Metal Exchange zinc for immediate delivery traded at a premium of up to $132.37 a ton over three-month futures.
- Benchmark zinc rose 1.1% to $3,802 a ton, heading for its highest close in 4 years amid intensifying competition for readily available metal.