Zinc Prices

Zinc prices averaged USD 3,478 per metric ton in May, up 3.7% from April. On 29 May, the commodity traded at USD 3,519 per metric ton, up 4.7% from 30 April.

Zinc prices rose for the second consecutive month in May, hitting an almost four-year high. Refined zinc supply was hit after a fatal explosion cut output at Glencore’s Kazzinc in Kazakhstan and a fire temporarily halted Nexa’s Cajamarquilla smelter in Peru, which is now slowly restarting. Low inventories—LME stocks currently cover less than three days of global demand—along with mine closures and project delays have intensified these supply concerns and fanned prices.