Zinc prices averaged USD 3,885 per metric ton in August, up 7.9% from July. On 31 August, the commodity traded at USD 4,084 per metric ton, up 10.1% from 31 July.
Zinc prices rose for a fifth successive month in August and at the fastest pace amongst base metals, with prices reaching an over four-year high. Prices are now up by over a fifth in the year to date, aided by tight inventories and supply disruptions. In particular, LME stocks have fallen since January and are well under half 2024 levels.
This chart displays Zinc (US$/mt) from 2024 to 2026.
High Grade Zinc LME (prices in US$/mt, aop)
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | Q4 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High Grade Zinc LME | - | - | 2,781 | 3,049 | 2,837 | 2,636 | 2,829 | 3,162 | 3,235 | 3,457 | - | - |