Zinc Price OutlookPrices for zinc increased in recent weeks, on the back of supply concerns amid the global energy crunch and falling stockpiles. On 14 January, zinc traded at USD 3,536 per metric ton, which was up 6.7% from the same day last month. Meanwhile, the price was 1.5% lower on a year-to-date basis but was up 29.3% from the same day last year. Higher energy costs were largely behind the rally in zinc prices over the past month. In Europe, elevated power market prices forced Nyrstar to halt operations at the Auby zinc smelter in France during the first week of January. The move, which came just a month after Glencore closed its zinc sulphide operation in Italy for the same reason, buoyed prices for zinc. Moreover, news of declining inventory levels, notably in the Shanghai Futures Exchange, further intensified supply concerns. That said, a stronger greenback after the Fed signaled earlier-than-expected rate hikes, and the spread of the Omicron variant somewhat capped the overall price gains.
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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