Zinc decreased 22.57 USD/MT or 0.76% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Zinc - values, historical data, forecasts and news - updated on March of 2025.

In 2023, the average price for zinc stood at 3,653 nominal U.S. dollars per metric ton. This statistic depicts the average annual prices for zinc from 2014 to 2023, with forecast figures for 2024 through 2026.

Explore how zinc prices are influenced by supply-demand dynamics, economic trends, and geopolitical events, with insights into market fluctuations up to October 2023 and implications from industry sectors, environmental policies, and global inventory levels.

In 2023, approximately 13.66 million metric tons of refined zinc was consumed worldwide. Global zinc production Zinc is a base metal processed from zinc ore. It releases sulfuric acid during the production process, which is used in a wide range of industries, from pharmaceuticals to bleaching paper. The production of final zinc metal is a complex process involving various stages with the end goal of separating the pure zinc from the zinc ore. While difficult, the highly lucrative nature of zinc production attracts large multinational firms to compete in the zinc market. Since 2005, the global production of zinc metal has increased, reaching over 13.33 million metric tons in 2022. During 2021, China, Peru, and Australia were the leading three countries for zinc mine production, with around 7.1 million metric tons of combined production. After a decline over the past few years, the zinc production volume in China has grown between 2020 and 2021. Zinc consumption As a valuable metal, zinc is used in galvanizing, zinc alloying, brass, bronze, and more. Globally, galvanizing is the most major end-use of zinc, accounting for more than half of the market. Between 2018 and 2022, the global consumption of refined zinc remained relatively stable, reaching a high of 14 million tons in 2021 and decreasing to 13.5 million tons the following year. A drop in metal demand in 2020 led to these figures falling to 13.29 million tons. Globally, the total zinc production exceeded the total zinc demand over this period.

As per Cognitive Market Research's latest published report, the Global Zinc market size was $60.48 billion in 2022 and it is forecasted to reach $86.58 Billion by 2030. Zinc Industry's Compound Annual Growth Rate will be 4.4% from 2023 to 2030. Factors Impacting on Zinc Market

Rising economic and industrial growth boost the demand for Zinc market

Zinc is widely used in construction, infrastructure, and automotive industries, all of which are closely linked to economic growth. As global economies expand, demand zinc increases, driving up prices. Zinc is also a key component in the production of galvanized steel, which is used in a variety of industrial applications. As industrial production increases, the demand for zinc also rises.

Price volatility acts as a restraint of the Zinc market

The price of zinc is subject to significant volatility due to factors such as supply disruptions, changes in demand, and speculation in commodity markets. This can make it difficult for producers and consumers to plan for the future and can lead to significant price fluctuations.

The rising adoption of infrastructure development will drive the Zinc market growth

Zinc is a key component in galvanized steel, which is widely used in infrastructure projects such as bridges, highways, and buildings. As countries around the world invest in infrastructure, the demand for zinc is likely to increase. What is Zinc?

Zinc is a chemical element with the symbol Zn and atomic number 30. It is a bluish-white, lustrous metal that is moderately reactive and has a low melting point. Zinc is the 24th most abundant element in the Earth's crust and is widely used in various industries, including construction, automotive, and electronics.

Global Zinc Market to hit USD 41.76B by 2029 growing at 7.6% CAGR. Explore trends, drivers, and competition for strategic insights with The Business Research Company.

Explore the factors influencing the current London Metal Exchange zinc prices, including supply-demand dynamics, industrial production levels, and macroeconomic trends. Understand how geopolitical tensions, inventory levels, and global sustainability efforts shape the zinc market, impacting industries from construction to automotive. Stay informed with the latest pricing insights for strategic decision-making in the commodities sphere.

The zinc sulphate prices in India for Q4 2023 reached 815 INR/MT in December. The market saw an upward trend during the last quarter, supported by strong demand from the agrochemical sector. Additionally, manufacturers focused on clearing existing inventories instead of starting new production, influenced by the higher costs of raw materials like sulphuric acid. Market sentiments remained positive, reflecting the robust agricultural activities during this period. Manufacturers adjusted their pricing strategies to maintain shipments amid fluctuating supply costs.

Zinc Sulphate Prices December 2023

Explore IMARC’s newly published report, titled “Zinc Sulphate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of zinc sulphate pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

Explore the latest trends and fluctuations in the price of zinc on the London Metal Exchange (LME). Learn how factors like supply and demand dynamics, geopolitical events, and global economic conditions impact LME zinc prices. Understand the importance of zinc in industrial processes and the role of speculative activities in commodities markets. Discover how businesses can hedge against price volatility and access real-time pricing for informed decision-making.

Lead increased 138.50 USD/MT or 7.10% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Lead - values, historical data, forecasts and news - updated on March of 2025.

In 2024, the average annual London Metal Exchange (LME) price for tin was approximately 14 U.S. dollars per pound, making it the highest-priced base metal that year. Nickel had the second-highest price out of the base metals at that time, with an average annual LME price of approximately 7.70 U.S. dollars per pound in 2024. Although there is no clear-cut definition of the term, base metals usually refer to metals that oxidize easily, and is most commonly categorized as including tin, nickel, copper, zinc, lead, and aluminum.

Australia MMG: Revenue by Commodity: Zinc data was reported at 162,800.000 USD th in Jun 2018. This records a decrease from the previous number of 168,700.000 USD th for Dec 2017. Australia MMG: Revenue by Commodity: Zinc data is updated semiannually, averaging 382,700.000 USD th from Dec 2012 (Median) to Jun 2018, with 12 observations. The data reached an all-time high of 884,700.000 USD th in Dec 2014 and a record low of 85,400.000 USD th in Jun 2017. Australia MMG: Revenue by Commodity: Zinc data remains active status in CEIC and is reported by MMG Limited. The data is categorized under World Trend Plus’s Top Company: Metal and Mining: Asia Excluding China – Table WB.AT002: MMG Limited (MMG): Financial Data Breakdowns.

Australia's Economic Demonstrated Resources (EDR) for the following 18 mineral commodities increased during 2008 - black coal, copper, gold, iron ore, lead, lithium, manganese ore, molybdenum, nickel, niobium, rare earth oxides, silver, tantalum, tungsten, uranium, vanadium, zinc and zircon. In the same period, EDR of nine commodities decreased - brown coal, cobalt, diamonds (gem and industrial), mineral sands (ilmenite and rutile), platinum group elements, shale oil and tin. EDR for antimony, bauxite, cadmium, magnesite, and phosphate rock remained at levels similar to those reported in 2007.

World ranking: Australia's EDR of brown coal, mineral sands (rutile and zircon), nickel, silver, uranium, zinc and lead remain the world's largest, while antimony, bauxite, black coal, copper, gold, industrial diamond, iron ore, ilmenite, lithium, manganese ore, niobium, tantalum and vanadium all rank in the top six worldwide.

Resource life: Ratios of accessible Economic Demonstrated Resources (AEDR) to current mine production provide indicative estimates of the resource life. AEDR of most of Australia's major commodities can sustain current rates of mine production for many decades. Resource life based on ore reserves is lower, reflecting a shorter term commercial outlook.

Over the decade 1997 to 2008 there has been a significant trend towards lower AEDR/production ratio for coal and iron ore, which was the nett result of major increases in production and reassessment of resources.

Commodities with resource life of less than 50 years are diamonds (about 10 years at current rates of production), manganese ore (20 years), gold (30 years), zinc (35 years) and lead (40 years).

The severe world financial crisis in late 2008 highlighted the fact that a long resource life for a particular commodity is not a guarantee that such resources will continue to be exploited in Australia. In an increasingly globalised and competitive commodity market, multinational mining companies are continually in search of mineral deposits that will offer attractive returns on their investment. Such returns are influenced by the quality of the resources (grade and tonnage) as well as environmental, social and political factors, land access and even the location and scale of the competitor projects - individual mine projects in Australia will be ranked by multinational corporations against the investment returns from other deposits worldwide.

Australia's continuing position as a premier mineral producer is dependent on continuing investment in exploration to locate high quality resources and/or to upgrade known deposits in order to make them competitive on the world market, and investment in beneficiation processes to improve metallurgical recoveries.

Australia's Identified Mineral Resources 2009 provides information on and analysis of mineral exploration expenditures in Australia for the calendar year 2008. Trends in expenditure are presented and discussed.

You can also purchase hard copies of Geoscience Australia data and other products at http://www.ga.gov.au/products-services/how-to-order-products/sales-centre.html

In 2001, Australia's economic demonstrated resources (EDR) of bauxite, copper, gold, lead, magnesite, ilmenite, zircon, nickel, phosphate, PGM, tantalum, silver, vanadium and zinc increased, while those of black coal, diamonds, iron ore, lithium, manganese ore and uranium decreased. EDR of brown coal was maintained at levels similar to those reported in 2000. The reductions in EDR were due mainly to ongoing high levels of production; with low commodity prices a subsidiary factor.

EDR of gold, nickel and mineral sands reached record levels. Gold EDR rose by 4% and was over 80% of total demonstrated resources, this increase in resources continuing the established long-term growth trend for gold. In recent years that trend has continued despite falling exploration expenditure reflecting an increasing trend to concentrate exploration efforts in brownfields regions in response to the sustained period of depressed gold price.

Australia, continues to rank as one of the world's leading mineral resource nations. It has the world's largest EDR of lead, mineral sands, nickel, silver, tantalum, uranium and zinc. In addition, its EDR is in the top six worldwide for bauxite, black coal, brown coal, cobalt, copper, gold, iron ore, lithium, manganese ore, rare earth oxides and gem/near gem diamond.

Mineral exploration expenditure rose by 1% to $683.3 million in 2000-01, which was the first increase in annual exploration spending since 1996-97. However spending for calendar year 2001, based on the sum of ABS four-quarter figures, was down by $12 million to $664.4 million.

Production of many mineral commodities again reached record levels in 2000-01, and overall mine production is projected by ABARE to rise in the five years to 2006-07 with the exception of gold which they forecast will fall by 6%. ABARE have projected a very high growth of some 60% for mine production of nickel in this period. Increases are also forecast for mine production of coal (+17%), copper (4%), lead (3%), zinc (12%), bauxite (17%) and iron ore (19%).

In 1997, Australia's Economic Demonstrated Resources (EDR) of bauxite, black coal, cobalt, magnesite, mineral sands, nickel, tantalum and vanadium rose. Reduced EDR were recorded for antimony, cadmium, copper, gold, industrial and gem and near gem diamond, iron ore, lead, lithium, manganese ore, platinum group metals, silver, tin, uranium and zinc. The falls in EDR were due mainly to ongoing high levels of production. EDR of all other mineral commodities remained unchanged.

Among the major commodities, EDR of nickel, ilmenite, rutile and zircon reached record levels in 1997. Bauxite continued the slow growth started in 1993 and although black coal EDR rose it remained in the range that has existed since 1987. Gold EDR fell in 1997, breaking the long term growth trend that started in 1982. EDR of iron ore has fallen since 1994 and in 1997 was at its lowest level since 1990. Lead and zinc EDR both continued on a downward trend reaching the lowest levels since 1992. Following a small fall in 1996 copper EDR fell again in 1997.

Mineral exploration expenditure rose by 20% from $960.2 million in the previous year to $1148.5 million in 1996-97. Increases were recorded in all States except Queensland where a reduction of 11% occurred. A fall of 5% was recorded for expenditure in the Northern Territory. Gold was again the main target, and increased its share of total expenditure from 57% to 63%. Of the total expenditure about 73% was spent in greenfields leases. Despite the continued growth, in constant dollar terms, expenditure in 1996-97 was still below the peak of 1987-88.

In 1996-97 mineral resources exports increased to $36 495 million, a rise of 5% over the previous fiscal year. The Australian Bureau of Agricultural and Resource Economics (ABARE) forecast export earnings to rise to $44 530 million in 2002-03. The so called Asian financial crisis may impact adversely on Australia's ability to achieve the projected level of exports.

The Minerals Yearbook is an annual publication that reviews the mineral industry of the United States and foreign countries. It contains statistical data on materials and minerals and includes information on economic and technical trends and developments. The yearbook is published in three volumes: Volume I, Metals and Minerals; Volume II, Area Reports, Domestic; and Volume III, Area Reports, International. Volume I metal and minerals chapters contain an untitled introduction, a statement on domestic data coverage, and an outlook section. Optional topics are: legislative and government programs, production, environment, consumption, stocks, transportation, prices, foreign trade, world review including individual country summaries if significant events occur, current research and technology, references, and sources of information. Volume II State chapters contain State mineral production and rankings, significant industry events, and State legislation, and a State mineral- producing locality map. A statistical summary chapter and a directory of State Geologists and State minerals information personnel are also included in Volume II. Volume III country chapters contain an untitled introduction and sections on government policies and programs, environmental issues, trade and production data, industry structure and ownership, commodity sector developments, infrastructures, and a summary outlook. Volume III also includes commodity reviews by metals, industrial minerals, and mineral fuels, and reserves.

In 1998, Australia's economic demonstrated resources (EDR) of cobalt, copper, magnesite, gold, ilmenite, nickel, platinum group metals, tantalum and vanadium increased while those of diamond, iron ore, lead, manganese ore, lithium, silver, uranium, tin and zinc diminished. The reductions in EDR were due mainly to ongoing high levels of production; commodity prices were a subsidiary factor. EDR of all other commodities remained essentially unchanged. EDR of nickel and tantalum reached record levels in 1998. Gold increased slightly and maintained a flattening-off trend in EDR that has been evident since the mid-1990s. Black coal and bauxite EDR remained around levels established in the late 1980s and mid-1990s respectively. A decrease of almost 8% in iron ore EDR is attributable to production and a comprehensive review of resources information that became available during the year. Australia continues to rank highly as one of the world's leading mineral resource nations. It has the world's largest EDR of lead, mineral sands (ilmenite, rutile, and zircon), nickel, silver, tantalum, uranium and zinc. In addition, its EDR is in the top six worldwide for bauxite, black coal, brown coal, copper, cobalt, gold, iron ore, lithium, manganese ore, rare earth oxides, industrial diamond and vanadium.

The demand for metal heat treating, plating, and coating services has been influenced by fluctuating performance in key sectors like manufacturing and construction, alongside commodity price volatility in core materials such as iron, steel, and zinc. While recent years saw stagnation due to industrial production weakness and global disruptions, future growth is anticipated with lower interest rates encouraging investment in sectors like automotive and construction. Metal plating and treating companies have adapted through outsourcing, allowing them to respond flexibly to market changes and maintain competitiveness despite global pressures. Rising demand from aerospace and renewable energy sectors for advanced metal treatment solutions is driving innovation, particularly in developing technologies to protect materials against environmental stressors. Industry revenue is forecast to grow at a CAGR of 1.7% to $32.6 billion through the end of 2025, with expected growth of 0.9% during the current year. The metal plating and treating industry is poised for growth due to falling interest rates, which are expected to boost activity in construction and manufacturing, thereby increasing demand for metal treatment services. Domestic companies face challenges from international competitors offering lower prices, driven by cheaper labor and favorable economic conditions. Additionally, volatility in steel prices presents a challenge, particularly for smaller companies without hedging strategies or fixed-price agreements. Proximity to downstream markets offers advantages like reduced transportation costs but expanding operations involves dealing with unpredictable demand and environmental regulations, which require substantial investment in waste management. As sustainability becomes a priority, the industry is moving towards cleaner technologies and innovative practices, such as alternative coating methods and adopting advanced materials, to align with environmental regulations and enhance competitiveness. Industry revenue is forecast to increase at a CAGR of 2.4% to $36.7 billion through the end of 2030.

Magnesium decreased 200 CNY/T or 1.18% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Magnesium.