Zinc Prices

Zinc prices averaged USD 2,643 per metric ton in May, up 1.2% from April. On 30 May, the commodity traded at USD 2,597 per metric ton, up 1.5% from 30 April.

In May, prices recovered only marginally from April’s sharp decline. The U.S. and China agreed to drastically reduce their tariffs for a 90-day period while they aim to finalize a trade deal. Nonetheless, zinc prices remained subdued due to a protracted slump in the Chinese construction sector, with the metal trading at one of its lowest levels of the past year in early May.