Zinc prices averaged USD 2,458 per metric ton in March, up 4.1% from February. On 29 March, the commodity traded at USD 2,394 per metric ton, up 0.5% from 29 February.
Prices rose due to supply woes and a healthier demand backdrop. In early March, a major South Korean smelter cut production. Moreover, in late March, heavy rainfall prompted the closure of a zinc mine in Australia, putting further upward pressure on prices. Additionally, the manufacturing PMI in top consumer China rebounded in March, which should have boosted demand for the metal.
This chart displays Zinc (US$/mt) from 2022 to 2024.
High Grade Zinc LME (prices in US$/mt, aop)
| Q1 2021 | Q2 2021 | Q3 2021 | Q4 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | |
|---|---|---|---|---|---|---|---|---|
| High Grade Zinc LME | - | - | - | - | - | 3,925 | 3,281 | 3,008 |