Zinc Price OutlookZinc prices reached a near 15-year high in mid-October, amid output curbs in key European manufacturers due to higher energy prices. On 5 November, zinc traded at USD 3,268 per metric ton, which was 7.7% higher than on the same day last month. Moreover, the price was up 19.7% on a year-to-date basis and was 25.4% higher than on the same day last year. On 13 October, top European producer Nyrstar announced plans to halve zinc production at its three smelters due to high energy prices, which ignited supply worries and sent prices flying in turn. Fears were exacerbated two days later, when Glencore said it would be adjusting production across its European smelters, in line with the power crisis. Meanwhile, ongoing metal production curbs in China, which are impacting zinc-producing regions, coupled with lower annual production in Peru, further supported the rise. That said, downbeat demand at steel mills—with galvanizing being zinc’s main end-use—likely capped the increase in prices.
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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