Asara Resources (AS1:AU) has announced Ongoing drilling continues to return broad gold intercepts
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Asara Resources (AS1:AU) has announced Ongoing drilling continues to return broad gold intercepts
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Amanda Serrano finished the night with a badly swollen right eye. Drenched in sweat. On a night she was expected to dominate.
But she also finished the night as the reigning WBO and WBA featherweight champion. She retained her titles with a victory over Reina Tellez by unanimous decision Saturday, Jan. 3 in San Juan, Puerto Rico.
Tellez, a 22-year-old who took the fight on two weeks’ notice, connected with enough punches to nearly shut Serrano’s right eye. Tellez got the call after Serrano’s originally scheduled opponent was removed from the card after an “atypical’’ drug test, stepping in despite inexperience.
“She’s a warrior,’’ Serrano said.
The two embraced before the final round and after the fight ended.
Serrano, 37, used her skill and experience during the 10-round fight. The judges scored the fight 98-92, 97-93, 97-93.
Serrano improved to 48-4-1. Tellez suffered her first loss and her record fell to 13-1-1.
Serrano not only was back on her home turf for her first bout of 2026, but also fighting at her preferred weight – the 126-pound featherweight division.
“It feels amazing,’’ Serrano said. “… It’s been two years since I fought this way (as a featherweight). So the next fights are going to be much, much better, but I feel good.”
She had to gain approximately 10 pounds for each of her three fights against Katie Taylor, and lost all three of those fights.
For the first time, Tellez fought 10 rounds and, on top of that, three-minute rounds.
“I just did that with one of the best in the world,’’ she said. “Somebody I’ve idolized my whole life and I stood in there and I fought to the end.’’
Jake Paul, co-promoter for the boxing card, sat ringside and provided an update on his broken jaw during an interview on the DAZN broadcast. He had surgery Dec. 20, the day after Anthony Joshua broke the jaw in two places with a knockout punch.
“I got four (titanium) plates in my jaw but that’s part of the sport,’’ Paul said. “And the healing process has been a little bit tough. I’m a little bit tired. It’s hard to sleep. I go under the pillow and then my jaw torques up to the left when I wake up.’’
But Paul called his knockout loss to Joshua Dec. 19 “an amazing night and I learned a lot and gained a lot of experience and we’re on to more fights this year.’’
Paul provided no additional information about what fights might be in the works.
Round 1: Reina Tellez, who weighed in 0.6 pounds over the featherweight limit of 126 pounds, does not look fit. Amanda Serrano, as usual, looks to be in championship shape. Serran comes out behind the jab. Tellez looks a tad tentative. But she connects with a right. That is, as Serrao charges in and fires away. Serrano stalking, but Tellez catches her wit ha punch to the face. Tellez doesn’t look scared at all, although she just ate a hard left. Serrano 10, Tellez 9.
Round 2: Tellez might not be nearly as skilled as Serrano, but she looks game. Serrano is punching at a high rate, and Tellez is standing her ground. Serrano connects with two hard lefts. Now she’s charing forward, delighting the crowd. Serrano 20, Tellez 18.
Round 3: Tellez scores with a left, but Serrano keeps firing. Tellez lands three punches and Serrano definitely felt it. Serrano is winning the output battle, but Tellez has Serrano’s attention. Serrano 30, Tellez 27.
Round 4: Tellez connecting, but not with the volume and consistency of Serrano. But the real question wasn’t if Serrano could wn the fight. It was whether she could get the knockout. And she lands some bic shots, only for Tellez to respond. Tellez cut under the right eye. Serrano 40, Tellez 36.
Round 5: Serrano remains the aggressor, and the crowd is ready for fireworks. Serrano is attacking the body and Tellez is backing away. Serrano really digging into the body. Those body shots clearly are doing damage. But she nailed Serrano with two lefts. Serrano 50, Tellez 45.
Round 6: Serrano showing significant swelling under her right eye. Yes, Tellez has connected. But Serrano on the attack again. Tellez still landing shots, but far fewer than Serrano. Serrano scoring with both hands and the crowd cheers. Serrano 59, Tellez 55.
Round 7: Serrano’s pace appears to slow. Tellez scores with a right and a left. Serrano’s right eye looks badly swollen. Tellez doing what she can to worsen it. Serrano closes strong. Serrano 69, Tellez 64.
Round 8: Serrano lands a couple of combinations, and with authority. Then she unfurls a straight left and looks to be in control. But Tellez fights back. Serrano 79, Tellez 73.
Round 9: She’s not known for her defense, but Serrano dodges a couple of big punches. Tellez still is swinging hard and at times connecting. But she’s yet to stun Serrano, who’s sticking to her game plan — fire away with the left, to the body and head. Serrano 89, Tellez 82.
Round 10: Serrano initiates a hug as the round begins. Serrano stalking again, with three minutes left to score the knockout. The two trade big shots and Serrano is pouring it on. Tellez backing up and trying to stay on her feet. TEllez fighting back, at risk of eating a KO punch. Tellez survies, and the two boxers embrace again as the crowd roars. Serrano 99, Tellez 91.
Holm is a legendary fighter, but she’s not a champion.
Her bout with Han, the reigning WBA world lightweight champion, ended in the seventh round after an accidental headbutt. But Han, who was bleeding badly after the clash of heads, clearly won the fight.
The judges scored it 69-65, 69-64, 68-65 in favor of Han, who landed almost three times as many punches as Holm.
The fight ended at 1:44 of the seventh round after the ringside doctor examined the cut and ruled the bout should be halted.
Holm, 44, saw her record fall to 34-3-3. Han, a 35-year-old police officer, improved to 12-0.
Rosado returned to action after suffering the first loss of her pro career. She proved she was too much for Walters and still has star potential.
Scoring with power and speed, she beat Walters by unanimous decision in six-round bantamweight bout.All three judges scored it 60-54 in favor of Rosado, the 23-year-old Puerto Rican who improved to 7-1. Her only loss came in October against Shurretta Metcalf by unanimous decision.
Walters, a 38-year-old Canadian, fell to 7-4.
It was the mother of all battles, an eight-round brawl between two moms.
Bridges, who put her stellar boxing career on hold for motherhood, fought for the first time in two years. She ran into another tough mom.
Araiza pummeled Bridges, who fought back – but not well enough. After the fight, she held her young son in her arms. Araiza turns out to be a mom of three children and was a big winner after the bantamweight bout.
The judges scored it 80-72, 78-74, 78-74 for Araiza, s 35-year-old American. Bridges, the 39-year-old Australian, saw her record fall to 9-3.
Gonzalez had a chance to end the fight early. Instead, he let it go the distance – and still walked away with the WBA interim world flyweight championship belt.
Gonzalez knocked down Rivera in the second round and Rivera looked to be in trouble. But he kept marching toward Gonzalez. His courage exceeded his ability, as Gonzalez relied on his counter punching.
The judges scored it 14-113, 116-111, 117-110 in favor of Gonzalez, the 34-year-old Puerto Rican who improved to 29-4-1. Rivera, a 28-year-old Puerto Rican, suffered his first loss and his record fell to 7-0-1.
Jan Paul Rivera stayed undefeated at 14-0 with a victory over Alfredo Cruz by majority decision. And he had to earn it in the eight-round featherweight bout.
Rivera, the 24-year-old Puerto Rican, fell behind early as Cruz stayed on the move and landed more punches. But Rivera picked up the pace – and showed more power as the fight progressed.
One judge scored the fight 75-75 and the two other judges scored it 77-75 for Rivera.
Cruz, a 24-year-old from Puerto Rico, fell to 10-4-1.
Serrano vs Tellez starts at 8 p.m. ET on Saturday, Jan. 3.
The main event between Serrano and Tellez has an estimated start time of 11 p.m. ET.
The fight available on DAZN with a monthly plan of $29.99.
Amanda Serrano is 47-4-1 with 31 KOs. She has lost her last two fights, both to Katie Taylor by way of decision.
Amanda Serrano is 37. Her opponent, Reina Tellez, is 22.
Holly Holm, the legendary boxer and MMA fighter, will be making her second appearance in the boxing ring since signing with Jake Paul’s Most Valuable Promotions. This time, the 44-year-old Holm will be fighting for a world title against Stephanie Han, the reigning WBC lightweight champion.
In June, Holm boxed in her first pro bout since 2013 and defeated previously unbeaten Yolanda Vega by unanimous decision.
The main card event opened with a 10-bell salute for Latif Ayodele and Sima Ghami. They were the close friends close friends of Anthony Joshua and members of the boxer’s training team who died in a car accident Dec. 29 in Nigeria while riding with the former heavyweight champion.
The names of Ayodele and Ghami also were embossed on canvas of the boxing ring at Coliseo Roberto Clemente, site of MVP’s 13-fight card.
Before she retires, Serrano said this week, she has two goals. One: break the record for all-time knockouts for a woman. Entering the fight against Tellez, Serrano has 31 knockouts heading into her fight with Tellez. The record is 32, held by Hall of Famer Christy Martin. The second goal: 50 all-time victories. Serrano had 47 before fighting Tellez. Martin has 49 and Regina Halmich, a retired boxer from German, had 54 victories.
Jaylen Brown led the way for the Boston Celtics on the road, scoring 50 points in a 146-115 victory over the Los Angeles Clippers on Saturday night.
Brown’s 50 points in the victory against a red-hot Clippers team that entered the game on a six-game win streak matched his career high.
Brown was one of six players on the roster to score double-digit points against the Clippers. He shot 18-of-26 from the field, including 6-for-10 from long range.
Here is Jaylen Brown’s complete stat line:
The Celtics will host the Chicago Bulls on Monday, Jan. 5 at 7:30 p.m. ET.
Saturday ended in rough fashion for San Francisco 49ers quarterback Brock Purdy.
Purdy walked away the 49ers’ 13-3 loss to the Seattle Seahawks battered and bruised.
The 49ers quarterback had his thumb bloodied after he was hit in the second half following a pass attempt.
The hits didn’t stop there for Purdy.
On fourth-and-6 with less than two minutes remaining in the fourth quarter, Purdy was sandwiched in the pocket by Seahawks linebacker Derick Hall and defensive lineman Leonard Williams as he threw an incomplete pass. Purdy was on the ground for a moment in visible pain before he walked off the field under his own power.
The Seahawks took over possession of the football and went into victory formation with the game decided.
Head coach Kyle Shanahan announced postgame that Purdy suffered a stinger on the desperation play.
“Purdy would’ve went back in,” Shanahan said to reporters. “He checked out all right.”
Purdy was sacked three times and hit three times in the loss. He was pressured on 11 dropbacks, per Pro Football Focus.
San Francisco’s loss prevented them from winning the NFC West and the No. 1 seed in the NFC playoffs.
Shanahan said Purdy’s stinger won’t prevent him from playing in next week’s wild-card game.
The 49ers have delt with a slew of injuries this season. Linebacker Fred Warner (ankle) and Nick Bosa (knee) suffered season-ending injuries earlier in the season. Standout left tackle Trent Williams (hamstring) and wide receiver Ricky Pearsall (knee and ankle) were both inactive on Saturday due to injuries.
San Francisco does expect Williams, Pearsall and Purdy to be available for next week’s road playoff game.
“It would’ve been nice to have both home games here and get a bye, but it is what it is,” Shanahan said. “This team’s been through a lot this year. Now we got to do it the hard way. We’ll embrace the (expletive) out of doing it the hard way. Look forward to it.”
Follow USA TODAY Sports’ Tyler Dragon on X @TheTylerDragon.
During the second period between the Toronto Maple Leafs and the New York Islanders, Leafs captain Auston Matthews scored two goals.
Both his tallies have a place in Maple Leafs history as his first goal equalled Mats Sundin’s 420 goals in the Blue and White. Later in the period, Matthews fired home a one-timer to take sole possession of first place on the franchise’s all-time goal list.
All of his teammates cleared the bench to congratulate him on the milestone.
His one-timer was set up by Bobby McMann, and Max Domi provided the crucial secondary helper with a puck battle at the blue line to keep the puck alive. Matthews’ two goals gave the Leafs a 2-1 lead going into the third period.
Matthews’ latest goal was his 20th of the campaign. That puts him on pace to score around 43 goals, which is 10 more than what he recorded last season.
There’s a little more to the story of his offensive production. Matthews wasn’t at his best to start this season, but he’s been red-hot as of late. In his past four games, the 28-year-old center has six goals and 10 points.
In 317 fewer games than Sundin, Matthews now has the most goals by any Maple Leaf. With 421 goals, Matthews has 760 career points in 664 NHL games.
Following Matthews’ record-breaking goal, Sundin left a video message, congratulating him on the historic milestone.
‘What a treat for all Maple Leafs fans, around the world, to have a player like yourself,’ Sundin said in the video.
In the points department, Matthews still has to surpass four legendary Maple Leafs to own that title. That includes Borje Salming, Dave Keon, Darryl Sittler and Sundin.
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The red-hot San Francisco 49ers offense has finally discovered its Kryptonite. It comes in the form of a Seattle Seahawks defense that stymied it in a 13-3 Week 18 victory.
Mike Macdonald’s stop unit kept San Francisco’s offense off-balance all night at Levi’s Stadium. Brock Purdy and Co. racked up just 173 total yards in addition to their three points after averaging 373.2 yards per game and 35.7 points over their six-game winning streak.
As a result, the Seahawks clinched the NFC West title, their first since 2020, and secured the No. 1 overall seed in the NFC playoff race. That will give Seattle a much-needed first-round bye and a chance to recharge as the team looks to make the Super Bowl for the first time since the 2014-15 NFL playoffs.
Seattle’s victory will also be a monkey off the back of Sam Darnold, who failed to deliver in a similar divisional battle for the NFC’s No. 1 seed last season with the Minnesota Vikings. Darnold completed 20 of 26 passes for 198 yards, but most importantly, did not turn the ball over in the victory.
Darnold got a lot of support from his running game, as Kenneth Walker and Zach Charbonnet combined to rack up 171 yards on 33 carries. If the talented duo can perform similarly in the postseason, Seattle’s all-around balance will make it a very tough out in a wide-open playoff bracket.
USA TODAY Sports provided live updates, highlights and more from the 49ers-Seahawks game on Saturday in Week 18.
Seattle finished the job, collecting a victory over the 49ers at Levi’s Stadium. The Seahawks are the top seed in the NFC, earning home-field advantage and a first-round bye.
The 49ers couldn’t get a first down in their last-gasp effort to get back into the game against the Seahawks. Brock Purdy’s final pass fell harmlessly to the ground, and Seattle will win the NFC West after taking a few kneel-downs to end a 13-3 victory.
After intercepting Purdy, the Seahawks marched 89 yards over 16 plays to set Myers up for a short-distance field goal. For the second time tonight, Myers missed to the right, as his kick curved right and doinked off the upright.
Myers’ miss will allow the 49ers to remain down just 10 points. However, just 2:20 remains in the game after Seattle’s long drive, and San Francisco has no timeouts left. That means the 49ers will likely need to attempt an onside kick to have any chance to win.
The 49ers were in the midst of their best offensive drive of the game and had a goal-to-go opportunity when Brock Purdy tried to throw a pass to McCaffrey at the 5-yard line. Edge rusher Boye Mafe appeared to barely deflect the pass at the line of scrimmage, and the veteran running back wasn’t able to corral it.
The result? The ball glanced off McCaffrey’s hands and into the arms of Thomas. The red-zone takeaway ensured Seattle would remain up by 10 points with about 10 minutes remaining in regulation.
The Seahawks looked like they were going to go three-and-out before Kenneth Walker turned a screen-pass dump-off on third-and-17 into a 19-yard gain and a first down. From there, Seattle moved into short field goal range before stalling out.
Myers was called on to attempt the 31-yarder. He made it with ease, giving the Seahawks a 10-point lead with 14:15 remaining in regulation.
Seahawks 13, 49ers 3
The Seahawks have just one Super Bowl win in their history. That came in Super Bowl 48, when their ‘Legion of Boom’ defense thrashed Peyton Manning and the Broncos offense in a 43-8 rout.
Seattle also played in Super Bowl 49. The Seahawks lost to the New England Patriots when Malcolm Butler famously intercepted Russell Wilson on the goal-line in the final minute of a 28-24 Patriots win.
The 49ers weren’t able to mount back-to-back scoring drives. Brock Purdy and Co. managed to get themselves out from being backed up after Brian Robinson struggled to handle a kickoff, but San Francisco couldn’t get to midfield before Seattle found a way to stop it.
Rashid Shaheed was able to return Thomas Morstead’s 44-yard punt 20 yards to give Seattle solid field position as it looks to build on its 10-3 lead.
The Seahawks have just a seven-point lead, but they have dominated the 49ers in the first half. Seattle has outgained San Francisco 196-69 and has run 34 plays compared to the 49ers’ 20, as Sam Darnold and the offense have performed well.
Seattle’s offense has been balanced. Darnold has taken a couple of sacks but has otherwise been efficient, completing 10 of 13 passes for 98 yards over the first 30 minutes. The Seahawks have also run the ball well, as Zach Charbonnet and Kenneth Walker have combined for 110 yards on 18 carries while Charbonnet scored the lone touchdown of the first half on a 27-yard run.
The 49ers will need to get Christian McCaffrey more involved in the second half, as he had just six touches for 25 yards in the first half. Brock Purdy has matched Sam Darnold, completing 10 of his 13 passes, but has turned them into just 47 yards.
San Francisco will get the ball first coming out of halftime. Expect Kyle Shanahan to try to get the ball into the hands of his playmakers as the 49ers try to come from behind to win the NFC West.
The 49ers will not be shut out in the first half. Brock Purdy made a nice throw on the run to convert a third-and-11 before San Francisco stalled out shortly thereafter. Pineiro was called on to attempt a 48-yard kick, and he was able to tuck it inside the right upright.
The 49ers now trail by just one possession and will look to stop the Seahawks with a minute remaining in the first half.
Seahawks 10, 49ers 3
Darnold went to USC. He spent three seasons with the Trojans and was a two-year starter for them. He completed 64.9% of his passes for 7,229 yards, 57 touchdowns and 22 interceptions across 27 games with the team.
Darnold’s performance was good enough to make him a first-round talent. The New York Jets selected him with the No. 3 overall pick in the 2018 NFL Draft.
After missing from 47 yards earlier in the quarter, Myers was able to make a 45-yard kick after Seattle’s drive stalled out. That gave the Seahawks a two-possession lead for the first time in the game.
The Seahawks have dominated the 49ers thus far, outgaining them 193-39 and running 32 plays compared to San Francisco’s 12. The 49ers will now have 5:19 remaining in the first half to try to get on the board against Mike Macdonald’s stingy defense.
Seahawks 10, 49ers 0
Mike Macdonald is the Seahawks’ head coach. He is in his second season with Seattle and has posted a 23-10 record across his first 33 games with the franchise.
Macdonald cut his teeth with the Ravens and turned Baltimore’s stop unit into one of the NFL’s best during his two seasons as the team’s defensive coordinator. The 38-year-old has enjoyed similar success with the Seahawks and is one of the youngest head coaches in the league.
The Seahawks were once again able to get into scoring range against the 49ers’ defense. However, Myers wasn’t able to make the 47-yard kick, as it drifted right of the upright.
The Seahawks remain ahead 7-0, but Seattle has to be kicking itself after coming up empty in scoring range twice in the first half of the de facto NFC West championship game.
Darnold has a base salary of just $5.3 million in 2025, but that’s because he got a $32 million signing bonus for his first season with the Seahawks.
The better measure of Darnold’s worth? He signed a three-year, $100.5 million contract with the Seahawks in free agency. That gives him an average annual value (AAV) of $33.5 million, which ranks 18th among NFL quarterbacks.
The Seahawks are on the board first in the battle for the NFC West. Sam Darnold handed the ball to Charbonnet on a third-and-2, and the third-year back found space after cutting to the left side of the line. He was able to just get around the last defender and scamper into the end zone for a touchdown.
Jason Myers makes the extra point, and Seattle is leading by seven in the first quarter.
Seahawks 7, 49ers 0
Seattle did something it doesn’t often do to open its Week 18 game against San Francisco. The Seahawks went for it on fourth-and-goal from the 4-yard line, allowing Sam Darnold to try to throw a touchdown on the opening drive of the game.
Darnold couldn’t connect with Cooper Kupp, and as a result, Seattle had nothing to show for its game-opening drive, which spanned 12 plays, 66 yards and 7:37 of game time.
A 49ers win over the Seahawks in Week 18 would allow San Francisco to win the NFC West and clinch the No. 1 overall seed in the NFC.
Conversely, a loss would guarantee the 49ers would remain a wild-card team. They would earn either the No. 5 or No. 6 seed, pending the result of the Rams vs. Cardinals game on Sunday.
The 49ers-Seahawks matchup on Saturday will be broadcast nationally on ABC and ESPN. Joe Buck (play-by-play) and Troy Aikman (analyst) will be on the call.
The 49ers and Seahawks are scheduled for kickoff at 8 p.m. ET on Saturday night.
The 49ers-Seahawks game will stream on ESPN+ and fuboTV as well as the league’s streaming service, NFL+.
Catch NFL action with a fubo subscription
Here’s what the experts at USA TODAY think will happen in the 49ers vs. Seahawks matchup in Week 18:
Provided by BetMGM Sportsbook; access USA TODAY Sports Scores and Sports Betting Odds hub for a full list. Lines last updated Friday at 9:30 p.m. ET.
The Seahawks lead the NFC West standings entering the season finale. Here’s a full look at the division:
In the hunt:Carolina Panthers (8-9)
For the first time, the Niners will be in monochrome black as they also wear black helmets − which they’ve never had since joining the NFL in 1950. The dome is matte black, adorned with a pair of red stripes down the centerline, the familiar interlocking ‘SF’ logo and gold-coated facemasks intended to sparkle under Levi’s Stadium’s lights. ‘Faithful’ is scripted on the headgear’s back bumper.
The red jersey numbers are outlined in gold and presented in a saloon-like font derived by the franchise’s classic wordmark. A cursive ‘Faithful’ is etched above the numbers on the chest, enabling the franchise to express its ‘steadfast appreciation for the unwavering dedication of 49ers fans across the globe.’ “Faithful to the Bay,’ the club motto, is stitched inside the collar. Per Nike, the look is ‘inspired by the Gold Rush era that once defined San Francisco.’ – Nate Davis
Yes, the All-Pro is not listed among the 49ers’ inactives ahead of tonight’s kickoff. He is expected to return to the lineup after missing Week 17 with a hamstring injury.
In the hunt: Baltimore Ravens (8-8)
An asterisk (*) denotes teams that have clinched
Here’s a look at the latest draft order for the first round with strength of schedule information via Tankathon:
Yes, there will be a ManningCast tonight. The Manning brothers return on the alt-cast in Week 18.
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After a steep decline during the first half of 2025, the zinc price is ending the year close to where they started.
Because it’s used to make galvanized steel, the majority of zinc demand is closely tied to housing and manufacturing sectors, which have recently faced pressures from a combination of high inflation and interest rates.
Additional pressures have come from an evolving US trade policy, causing uncertainty among investors who turned away from real estate and consumers who reduced spending.
The zinc price was relatively flat at the start of 2025, beginning the year at US$2,927 per metric ton (MT) on January 2 and closing the first quarter at US$2,855 on March 30. However, the second quarter brought a broad rout for base metals prices, and by April 9 zinc had fallen to a yearly low of US$2,562.
Since then, zinc has gained steadily, ending the second quarter at US$2,753 on June 30. The price rise continued through Q3 and Q4, with zinc reaching US$2,954 on September 30 and US$3,088 on December 29.
Zinc price, 2025.
Chart via the London Metal Exchange.
As mentioned, zinc saw a major price decline at the start of April, falling 14 percent as the base metals sector responded to US President Donald Trump’s “Liberation Day” tariffs announcement.
At the time, analysts predicted that the proposed reciprocal tariffs could trigger a recession, impacting consumer spending on new homes and cars, both of which have significant inputs of galvanized steel.
While the threat of a significant global recession eased as the proposed tariffs were dialed back, considerable uncertainty among both investors and consumers remained. This was evident in the US housing market, where affordability challenges persist, leading to stagnation in new housing starts and a glut of unsold homes.
Likewise, a stalled Chinese housing market persisted throughout 2025. The country’s real estate market collapsed in 2020 as Evergrande and Country Garden filed for bankruptcy. Over the past five years, the government has implemented several measures to stimulate the beleaguered sector, but they have had little effect.
According to CNBC, November sales from China’s top 100 developers declined 36 percent over 2024, and were down 19 percent through the first 11 months of 2025 — a ‘real and concerning’ worsening.
Against that backdrop, the International Lead and Zinc Study Group (ILZSG) is predicting a 2025 zinc market surplus of 85,000 MT in 2025. It notes that during the first 10 months of the year, zinc mine production rose to 10.51 million MT, up from 9.87 million MT in 2024. Refined zinc production was also up, rising slightly to 11.52 million MT from 11.12 million MT in the same period last year. Zinc demand reached 11.44 million MT, up from 11.19 million MT in 2024.
Despite the oversupply situation, London Metal Exchange (LME) stockpiles fell from 230,325 MT on January 2 to just 33,825 MT on November 1. The gap has since widened again, reaching 52,025 MT on November 28.
Oversupply is likely to persist as newly mined metals enter the market, while demand growth remains modest.
The ILZSG is predicting that global refined zinc demand will increase by 1 percent to 13.86 million MT in 2026.
The group notes that while it anticipates sees Chinese demand posting a 1.3 percent gain in 2025, it believes usage from the country will be flat in 2026 as the slump in the Chinese real estate sector persists into 2027.
Additional challenges are arising from a slowdown in the US housing market, as new buyers face high home prices and elevated mortgage rates. However, policy proposals from the Trump administration on December 17 could give the sector a much-needed boost and potentially increase downstream demand for zinc.
Likewise, European zinc demand is likely to grow next year following predicted 0.7 percent growth in 2025.
However, the ILZSG is predicting a more significant upward trend in zinc mine supply in 2026 — the organization is anticipating that output will increase by 2.4 percent to 12.8 million MT. This will come on the back of higher output from existing operations in Europe, Australia, Brazil, the Democratic Republic of Congo and China.
Additional zinc supply will come from a recent restart at the Almina-Minas Aljustrel mine in Portugal, commissioning of Bunker Hill Mining’s (CSE:BNKR,OTCQB:BHLL) namesake mine in Idaho, and the start of commercial production at the Xinjiang Huoshaoyun mine in China, which will be the sixth largest lead-zinc mine in the world.
Refined zinc output is also expected to increase by 2.4 percent in 2026, reaching 14.13 million MT from the anticipated 13.8 million MT in 2025. The higher levels are owed to the greater availability of concentrates in Brazil, Canada, Norway and China. Overall, the ILZSG predicts a global zinc supply surplus of 271,000 MT in 2026.
In terms of the zinc price in 2026, a December report from Fastmarkets suggests that upward momentum from the 2025 LME average of US$3,218 is expected to continue through the first half of the year.
The firm points to regional disparities as Chinese production runs at a surplus, while the rest of the world falls short.
However, the expectation is that the zinc market will achieve a better balance in the second half of the year and into 2027 as global surpluses begin to emerge. Zinc prices are then seen declining as a result.
For its part, Morgan Stanley (NYSE:MS) recently revised its zinc price outlook for 2026, calling for a yearly average of US$2,900 for the base metal, as per a mid-December Reuters article.
Additionally, according to a November Argus report, long-term zinc contracts have slowed amid low LME inventories, creating near-term uncertainty and driving prices higher.
Argus suggests that manufacturers have been slow to issue sales orders, which has caused uncertainty among producers, leaving them to take a wait-and-see approach to determine if low inventories persist.
It’s also important to note that zinc is listed as a critical mineral in the US for its use in the production of galvanized steel for infrastructure and defense projects. The US has already given South32’s (ASX:S32,OTC Pink:SHTLF) Hermosa project FAST-41 approval, giving it access to streamlined regulatory processes.
With building regional disparities and a tense relationship between the US and China, the world’s top zinc producer, a deteriorating trade status could be a boon for US and western producers of the metal.
However, as long as refined supply of zinc remains in surplus against a backdrop of weak demand growth, investors can expect more of the same from zinc markets in the near term. This may open up opportunities for patient or less risk-averse investors who are willing to take a wait-and-see approach to how the market evolves.
Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.
To kick it off, our team asked nine experts to share their highest-conviction sectors.
Here’s what they had to say.
Peter Schiff of Euro Pacific Asset Management and Schiff Gold mentioned silver too, although he also said he sees mining stocks overall doing well.
Similarly, Craig Hemke of TFMetalsReport.com is bullish on silver, but said his choice for top-performing asset of 2026 would be silver-mining stocks.
Unsurprisingly, Rick Rule of Rule Investment Media went outside the box.
Gareth Soloway of VerifiedInvesting.com also had an alternate take. Although he believes gold will perform well in 2026, he said it won’t necessarily be the top-performing asset.
Finally, Clem Chambers of aNewFN.com spoke about why he sees promise in Intel.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
U.S. Olympians and potential Olympians have been dealing with injuries all season long and it continued on the day that the full team was announced.
Florida Panthers defenseman Seth Jones took a puck up high on a shot from the New York Rangers’ Alexis Lafreniere in the first period on Friday, Jan. 2 and left the Winter Classic with an upper-body injury. He went to a medical tent, took the long walk to the dressing room and didn’t return to the game.
‘You saw the impact that he had on the Florida team to win the Stanley Cup,’ USA coach Mike Sullivan said. ‘He’s a big, strong kid that skates extremely well. I think he has the ability to play on both sides of the puck and impact the game on both sides of the puck.’
Panthers coach Paul Maurice gave an update on Jones after the game.
‘It doesn’t look terrible right now. He just has to get looked at tomorrow,’ he said.
Jones’ injury is the latest that the U.S. Olympic team has dealt with this season. All six of the first players named had missed time. Florida’s Matthew Tkachuk has yet to return from offseason hernia surgery, and Ottawa’s Brady Tkachuk (thumb surgery) and Boston’s Charlie McAvoy (broken jaw) are playing again. Vegas’ Jack Eichel returned Friday after missing seven games with a lower-body injury.
Carolina defenseman Jaccob Slavin, named Friday, is out with a second injury and has been limited to five games. New Jersey’s Jack Hughes has returned after finger surgery for an injury suffered at a team dinner.
The United States’ run at the 2026 world junior hockey championship is over.
Finland pulled off a 4-3 overtime victory on Friday, Jan. 2, after a wild third period in which the Finns rallied for a 3-2 lead only to see the USA tie the game.
The overtime didn’t last long as defenseman Arttu Valila scored his first goal and point of the tournament at 2:11 to send the host USA home empty-handed with a quarterfinal loss.
The USA had brought back eight players from the 2025 team that beat Finland 4-3 in overtime for a second consecutive gold medal. That group included defenseman Cole Hutson, who returned on Friday from a scary injury that he suffered in the tournament’s second game.
Hutson showed his importance by recording a goal and an assist in the second period, and the USA led 2-1 after two periods.
But Finland struck with two goals in 55 seconds in the third period (Leo Tuuva had a goal and assist) to take a 3-2 lead. The USA tied the game on a Ryker Lee goal with 1:33 left, forcing overtime.
The USA couldn’t match last year’s overtime result as Finland ended the Americans’ three-peat bid and advanced to the semifinals against rival Sweden.
“They played a great game tonight and came up just short,’ USA coach Bob Motzko said. ‘Give Finland credit. It’s an empty feeling right now, but our guys gave it all they had.”
USA TODAY provided live coverage of the USA vs. Finland game. Here are the highlights:
With Canada’s 7-1 win against Slovakia, the world junior championships are set. No. 1 Sweden will face rival Finland in Sunday’s early game at 4:30 p.m. ET. Canada will face Czechia at 8:30 p.m. The medal games will be on Monday.
The semifinals are on Sunday, Jan. 4. Sweden, Czechia and Finland have advanced, and Canada has a big lead on Slovakia in the quarterfinals. The semifinals are re-seeded so No. 1 Sweden would face the lowest remaining seed.
James Hagens, Will Zellers and Brodie Ziemer are named the USA’s best players of the tournament.
The USA’s three-peat bid at the world junior championships is over. Arttu Valila scores at 2:11 for a 4-3 win. That’s the same score by which the USA had beaten Finland in last year’s gold medal game. Finland advances to the semifinals.
USA chants start as 3-on-3 overtime begins.
Will Zellers makes a nice rush down the ice. James Hagens picks up the puck behind the net and feeds Ryker Lee for the goal with 1:33 left. USA 3, Finland 3
He stops a 2-on-1 break with less than three minutes left.
That’s two goals in 55 seconds for Finland. Leo Tuuva sets up Joona Saarelainen. Finland 3, USA 2
Aron Kiviharju makes a nice backdoor pass to Leo Tuuva with 7:17 left in the third period. USA 2, Finland 2
The USA’s McMorrow blocked a shot with his hand and he’s not on the bench.
The Czechs win 6-2 to advance to the semifinals. They rallied from 1-0 and 2-1 deficits. Their opponent is to be determined.
Will Zellers is called for goaltender interference. Finland is 0-for-1 on the power play in this game. USA kills it off.
USA leads 2-1. Eight of the last 10 games between these teams have been one-goal games.
Cole Hutson showed why the USA missed him while he was out 2½ games after his injury scare. He picked up a goal and assist in that period. The smooth-skating defenseman joined the rush to open the scoring and he skated down to low in the faceoff circle to set up Cole Eiserman’s go-ahead goal.
Kasper Pikkarainen is called for boarding Logan Hensler. It’s reviewed and ruled only a two-minutes penalty. The USA is 1-for-2 so far in the game. Finland kills it off.
Cole Hutson carries the puck to the bottom of the faceoff circle on a power play and feeds Cole Eiserman in front. That’s two points by Hutson in this game, giving him the U.S. record for most career points by a defenseman at the tournament. USA 2, Finland 1
Finland called for too many men on the ice.
Heikki Ruohonen scores from the faceoff circle after a pass from Max Westergard. USA 1, Finland 1
He rushes up the ice, takes a pass from Kamil Bednarik and rips a shot past Petteri Rimpinen. It’s his 14th point in world juniors history, tying him with Erik Johnson for the USA record for a defenseman. USA 1, Finland 0
Scoreless. USA is short-handed for 25 seconds. Now it’s even strength.
USA outshoots Finland 12-8 in that period. Cole Hutson looks good moving the puck. The USA had a couple turnovers, but goalie Nick Kempf keeps it scoreless.
AJ Spellacy is called for tripping. The USA gave up three power-play goals by Sweden in the last game. The USA kills the first part of the penalty but 25 seconds will spill into the second period.
AJ Spellacy breaks in with speed, but Petteri Rimpinen makes a save. Still scoreless with five minutes left in the first period.
He stops Heikki Ruohonen in tight after a USA turnover.
Mitja Jokinen is called for hooking. Cole Hutson was on the ice at the time of the call, so he’s not on the power play unit to start, but he’s out there now. Finland kills it off.
It’s win or go home.
TV channel: NHL Network
Livestream: Fubo, which offers a free trial to new subscribers, or Sling TV.
Watch world junior championships on Fubo
Date: Friday, Jan. 2
Time: 6 p.m. ET (5 p.m. local time)
The game is scheduled to start at 6 p.m. ET (5 p.m. local time) at the Grand Casino Arena in Saint Paul, Minnesota, the home of the Minnesota Wild.
Time: 6 p.m. ET on Friday, Jan. 2
Location: Grand Casino Arena (Saint Paul, Minnesota)
TV: NHL Network
Streaming: Fubo and certain levels of Sling TV carry NHL Network.
Jan. 2
The U.S. and Finland have met 40 times previously, with Team USA having a 20-19-1 advantage. They split games in last year’s tournament, but the USA won 4-3 in overtime for its second consecutive gold medal.
The USA defenseman told NHL Network it has been a ‘pretty tough week, lots of emotions’ as he returns for the first time since his injury in the Switzerland game.
Asked how he would manage expectations on Friday, he said: ‘I think it’s keeping it simple for the first few shifts, make sure I’m not trying anything too crazy. Hopefully then my game will come out soon and somehow I’ll help the team win.’
Petteri Rimpinen, the top goalie of the 2025 tournament, is expected to start against the USA. Like last year, he has played every minute. The Kings draft pick has a 2.49 goals-against average and a .865 save percentage. Those numbers are down from last year.
The USA will go with Notre Dame’s Nick Kempf in net. He has given up only two goals in the tournament, including one on 17 shots in the third period against Sweden after he replaced starter Brady Knowling. He won the second game against Switzerland. He has a 1.54 goals against average and .934 save percentage.
Sweden improved to 5-0 after a 6-3 win against Latvia. Blackhawks draft pick Anton Frondell scored 10 seconds into the game and also scored in the third period.
Will Zellers leads the USA with five goals and seven points. He had the game-winning goal in the first three games. Brodie Ziemer (Sabres) has six points and James Hagens (Bruins) has five.
Roope Vesterinen leads Finland with four goals and is tied for the team with five points. Defenseman Lasse Boelius also has five points, including two goals.
The USA defenseman will suit up for the first time since he left the second game on a stretcher after being hit in the head by a puck. Injured forward Max Plante remains day-to-day.
Fifth-place Germany beat beat fifth-place Denmark 8-4 in Friday’s relegation game and will stay in the top level of the world junior championships. Denmark, which had qualified for the tournament this season, moves down one level. It went winless in Minnesota.