Zinc prices averaged USD 3,152 per metric ton in October, up 7.3% from September. On 31 October, the commodity traded at USD 3,141 per metric ton, up 4.1% from 30 September.
Zinc prices rose for the sixth straight month in October and at one of the sharpest paces among all base metals. Prices are now at the highest level since early 2023. Limited stockpiles and weak smelter production were likely behind the price rise, despite mined output increasing in the first half of the year.
This chart displays Zinc (US$/mt) from 2023 to 2025.
High Grade Zinc LME (prices in US$/mt, aop)
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High Grade Zinc LME | - | - | - | 2,500 | 2,449 | 2,833 | 2,781 | 3,049 | 2,837 | 2,636 | 2,829 | - |