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Here is a selection of the latest news:
11/18/2025
The Russian Samara plant will build a new cold-rolling complex, operational from 2029, adding around 100,000 tonnes/year to the current total capacity of 272,000 tonnes/year. The investment aims to strengthen the production of higher value-added rolled products.
11/18/2025
Peruvian refined tin producer Minsur has reported third quarter group revenue of US$322.6 million, up 19% year-on-year, driven by higher tin production on improved grades.
Minsur’s tin metal output from its Pisco smelter was 8,699 tonnnes, up 7% from the same quarter last year, driven largely by increased mine production. This represented a 23% increase from the previous quarter when the company undertook smelter maintenance.
Combined production from the San Rafael underground mine and B2 tailings rose 4% y/y to 361 kt ore. Average grades increased by 8% y/y to 2.70% Sn, giving tin-in-concentrate production of 8,978 tonnes (up 8.1% y/y).
Minsur’s cash cost of production at the mine fell 8% y/y to US$7,985/t, which the company attributed to fewer metres of mine development due to mine design optimisations and higher tonnages.
Tin revenue represented 91% of Minsur’s total revenue. Gold revenue fell 4% y/y due to lower production from Pucamarca in line with the mine plan, partially offset by higher average gold prices. Group EBITDA rose 17.9% from the same quarter last year.
With the company set to achieve a 15-year high in tin production, Minsur continues to benefit strongly from elevated prices throughout the year. Ongoing work to expand mine life at San Rafael and further expansionary work highlights the positive outlook for the company
11/18/2025
EV sales in China reached 1.72 million units in October, over 50% market share for the first time. Production and exports also increased significantly year-on-year. The buying rush was fuelled by the end of tax exemptions and a future tax increase in 2026. Demand shifted towards ready-to-deliver vehicles.
11/18/2025
OPECNA, the news agency of OPEC, announced the OPEC Basket preliminary price
17 november = $ 64.75 /b (up from previous daily value)
(The OPEC Reference Basket (ORB) introduced on 16 June 2005, is currently made up of the following: Algeria, Angola, Congo, Ecuador, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia , UAE and Venezuela.
11/18/2025
Regarding the global market balance, the Group anticipates that the global supply of refined zinc metal will exceed demand in 2025 with the extent of the surplus forecast at 85,000 tonnes. In 2026, a larger surplus of 271,000 tonnes is anticipated.
11/18/2025
According to the International Lead and Zinc Study Group in its last report, world zinc mine production is forecast to rise by 4.6% to 12.51 million tonnes in 2025. In 2026, In 2026, a further rise of 2.4% to 12.80 million tonnes is anticipated.
EUROPEAN output is forecast to increase substantially by this year, benefiting from higher production in Bosnia and Herzegovina, Ireland, Portugal, the Russian Federation and Sweden.
In 2026, European output is anticipated to continue to rise, primarily as a consequence of the imminent reopening of the Aljustrel operation in Portugal.
Rises are also expected in CHINA, South Africa and Peru, mainly as a result of higher output at the Antamina mine and the reopening of the Iskaycruz operation. In the Democratic Republic of Congo, production will increase, due to additional output from the Kipushi mine, which was commissioned in June 2024.
In 2026, also increases in Australia, Brazil, the Democratic Republic of Congo and China,
The Group anticipates that world refined zinc metal production will rise by 2.7% to 13.80 million tonnes in 2025. In 2026, global output is forecast to grow by a further 2.4% to 14.13 million tonnes.
In CHINA, growth of 6.2% is expected in 2025, mainly as a consequence of the recent commissioning of a substantial amount of new capacity. Production is also expected to increase in Norway, where Boliden completed a 150,000 tonne per year expansion at its Odda smelter in March.
In 2026, global output will benefit from greater availably of concentrates and rises are forecast in Brazil, Canada, Norway and China, where a 500,000 tonne per year capacity smelter, vertically integrated with the Huoshaoyun mine, is expected to initiate commercial production.
