Chinese zinc producers are awaiting more profitable export conditions to reduce a domestic glut of the metal.

WTI crude oil surged 7% intraday, breaking above $93/barrel; Brent crude rose over 5% to $95.31/barrel.

President Trump said he would handle a possible Red Sea blockade if it occurs.

Chinese domestic futures closed mixed overnight, with PTA down over 2%, synthetic rubber up over 1%, and plastic and soybean meal up nearly 1%.

Base metals declined after renewed US-Iran hostilities raised concerns over global economic growth and industrial commodity demand.

South32's new CEO Matt Daley will focus on copper and zinc after selling the aluminum business on his first day.

South32 sells nearly all its aluminum business to Alcoa for $5.6 billion to focus on copper, zinc, silver and lead operations.

SHFE reports weekly inventory changes for copper, aluminum, zinc, lead, nickel, tin, and natural rubber.

LME reports decreases across multiple base metal inventories.

Chinese zinc smelters face record-low processing fees amid feedstock shortage, eroding profitability.

Trafigura halts some zinc shipments from a Cuban mine as US sanctions and economic blockade intensify.