Zinc Prices

Zinc prices averaged USD 2,655 per metric ton in June, up 0.5% from May. On 30 June, the commodity traded at USD 2,741 per metric ton, up 5.6% from 30 May.

Prices were broadly stable throughout June but spiked in the final week. Workers at the Peruvian Cajamarquilla zinc plant—the fifth largest in the world—started an indefinite strike at the tail-end of the month. Moreover, the recent ceasefire between Iran and Israel and a new U.S.–China trade deal boosted prices further. That said, sustained weakness in China’s property sector limited price gains.