Zinc Prices

Zinc prices averaged USD 2,763 per metric ton in July, up 4.1% from June. On 31 July, the commodity traded at USD 2,754 per metric ton, up 0.5% from 30 June.

Prices posted the largest monthly gain in July since October 2024. U.S. trade deals with the EU and several Asian countries, including heavyweight Japan, eased market fears over a trade war that would hit zinc demand. Additionally, China’s signals to curb industrial overcapacity in a bid to boost steel mill margins and hopes of Chinese stimulus measures in the property sector likely supported zinc further, as the metal is chiefly used to galvanize steel.