NEWS
In the first half of 2025, driven by capacity releases and new project commissioning in major mining areas, global zinc concentrate supply continued to rise, providing ample raw material for the smelting process. Against this backdrop, smelters' raw material procurement costs declined, processing fees expanded, and, coupled with overall cost optimization brought about by falling energy prices, industry profits recovered significantly. This, in turn, stimulated a rebound in smelter operating rates, leading to a moderate recovery in global zinc output.
However, the US tariff adjustments announced in April sparked market concerns about a reshaping of the global trade landscape. Coupled with ongoing geopolitical risks, market risk aversion increased significantly. Capital flows shifted toward safe-haven assets, and open interest in industrial metal futures declined significantly. Zinc prices, under pressure from both supply and demand fundamentals and macroeconomic sentiment, fell, with the price fluctuation center shifting significantly downward. At the end of June 2025, the spot price of zinc in China was 2.20 yuan/ton, a year-on-year decrease of 6.75%. The decline in zinc prices effectively alleviated cost pressures in downstream industries such as galvanized sheet and die-cast alloys, resulting in marginal improvements in corporate profit margins.
GNEE STEEL
After more than a decade of steady growth, GNEE STEEL has grown from a local company into a major global steel exporter. Serving over 8,000 customers and exporting to over 160 countries, we consistently uphold the principles of professionalism, efficiency, and integrity as we continue to expand into the international market.
