Zinc Price OutlookDespite bouncing back from a nearly nine-month low in early May, zinc prices declined overall over the past month. On 11 May, zinc traded at 3,073 at USD per metric ton, which was 4.8% lower than on the same day last month and was down 7.9% on a year-to-date basis. The price, however, was 18.9% higher than on the same day last year. Prices for the base metal edged down at the start of May following U.S. President Donald Trump’s decision on 30 April to postpone the imposition of steel and aluminum tariffs on some countries and grant permanent exemptions to others, which raised the market outlook for greater supply. As zinc is commonly used in steel production, it is highly exposed to fluctuations in the steel market. While uncertainty over the ultimate impact of the levies on the zinc market remains, fundamentals will determine prices for the commodity going forward. According to the latest projections by the International Lead and Zinc Study Group, global demand is expected to pick up slightly this year, mainly driven by China and the U.S., compared to the stable growth recorded over the past three years. Meanwhile, zinc output is seen recovering sharply this year compared to the previous year, on the back of greater mine production in Canada and China. Overall, global demand is seen outstripping supply this year, lending support to prices going forward, which are already hovering around near the highest levels seen in the past decade.
Zinc Price History Data (USD per metric ton, aop)
Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Zinc Historical Price Chart
Price forecasts and historical data for Energy, Metals and Agricultural Commodities
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