Zinc and Tin Supply Pressures Put Historic Mining Districts Back in Focus
Key Highlights
- ➤Refined zinc deficit forecast at 88,000 tonnes in 2026 as mine production declines 2.6%
- ➤Nexa zinc production rose 8% year over year to 79 thousand tonnes in Q2
- ➤Nexa controlling shareholder agreed to sell stake to Boliden, targeting Q1 2027 completion
- ➤Titan Q2 revenue increased 57% to $25.7 million on 17.5 million payable pounds
- ➤Alphamin produced 5,030 tonnes of contained tin and declared CAD$0.13 interim dividend
Expert Statements
Ignacio Rosado, CEO of Nexa Resources
“The operational inflection we have been working toward became visible this quarter”
Rita Adiani, President and Chief Executive Officer of Titan Mining
“Titan delivered a record quarter. Revenue grew 57% and Adjusted EBITDA nearly quadrupled year-over-year, reflecting the strength of our zinc operations”
Rob Birmingham, President and CEO of GoldHaven
“We are encouraged by the results at D Zone, with four of our first five drill holes intersecting significant intervals of semi-massive to massive sulphide mineralization”
Rob Birmingham, President and CEO of GoldHaven
“The identification of multiple mineralized horizons, including visible lead-zinc sulphides and indications of tin-bearing skarn, is particularly interesting.”
Rob Birmingham, President and CEO of GoldHaven
“Birmingham said the Company looks forward to evaluating the potential of D Zone alongside its ongoing tungsten exploration at Kuhn.”
Matt Daley, CEO of South32
“We are advancing construction of the Taylor zinc-lead-silver project at Hermosa, which is expected to deliver attractive returns from its long-life, low-cost production of zinc, silver and lead”
VANCOUVER, British Columbia, Oct. 23, 2026 (GLOBE NEWSWIRE) -- U.S. Metal News News Commentary - Global demand for refined zinc is expected to exceed supply in 2026, with the deficit forecast at 88,000 tonnes, according to the International Lead and Zinc Study Group, which also forecasts world zinc mine production to decline by 2.6% this year to 12.40 million tonnes. Tin faces a longer squeeze: the International Tin Association forecasts that global tin demand will increase by 22% between 2026 and 2035, while refined tin supply is projected to grow by just 16%. Zinc, tin and lead are all on the U.S. government’s final 2025 List of Critical Minerals, and explorers are returning to historic polymetallic districts to test what modern drilling can find. Companies mentioned in today’s commentary include: GoldHaven Resources Corp. (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS), Nexa Resources S.A. (NYSE: NEXA), Titan Mining Corporation (NYSE American: TII) (TSX: TI), South32 Limited (ASX: S32) (ADR: SOUHY), Alphamin Resources Corp. (TSXV: AFM).
Get started
Create a free account to read the full story.