Zinc Price in the UK - 2023. Find the latest marketing data on the IndexBox platform.

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.

In August 2024, the average articles of zinc export price amounted to $12,775 per ton, falling by -42.9% against the previous month.

Lead, zinc and tin producers’ performance is heavily influenced by commodity prices, which have seen significant levels of volatility in the past years, hampering sales and profit. The industry has also been rocked by supply chain disruptions caused by the pandemic, the Russia-Ukraine war and weak downstream demand from key markets like manufacturing and construction. Smaller producers have suffered the most, as many larger companies have vertically integrated supply chains, granting them greater resilience. Revenue is expected to contract by 1.5% over the five years through 2024-25 to reach £517.2 million, including a 1.2% hike in 2024-25, when profit will reach 3.4%. Revenue plummeted in 2020-21 because lead, zinc and tin prices nosedived following the COVID-19 outbreak. Construction companies, a major market for lead, zinc and tin, were hit hard by the pandemic, with sites coming to a standstill. However, pent-up demand and soaring lead and zinc prices owing to a constrained global supply supported revenue in 2022-23. Sales to manufacturing industries have since faltered due to high energy costs, forcing manufacturers to reduce output and supply constraints resulting from Russian sanctions. Lead, zinc and tin prices have mostly normalised in 2024-25, but remain high due to supply constraints. At the same time, battery and electric vehicle manufacturing has begun to pick up, supporting revenue. The industry's future looks much brighter, with metal demand likely to pick up in the coming years. Global metals prices will likely remain somewhat elevated, providing a temporary boost to revenue, before returning to more stable levels. The planned opening of a new tin mine in Cornwall could provide much-needed domestic access to raw tin, while the electric car market will continue to build momentum and command demand. Over the five years through 2029-30, lead, zinc and tin producers' revenue is forecast to increase at a compound annual rate of 1.8% to £566.5 million.

For the third year in a row, the UK recorded decline in overseas purchases of zinc oxide and zinc peroxide, which decreased by -23.4% to 7.4K tons in 2023.

Learn about the rising demand for zinc in the UK and how the market is expected to grow over the next decade, with an anticipated increase in market volume and value by 2035.

Learn about the rising demand for zinc in the UK and how the market is expected to grow over the next decade. Forecasted data suggests a slight increase in market performance, with the market volume expected to reach 65K tons and market value projected to hit $213M by the end of 2035.

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Zinc Market Size 2025-2029

The zinc market size is forecast to increase by USD 4.46 billion at a CAGR of 2.8% between 2024 and 2029.

The market is experiencing significant growth, driven primarily by the rapid industrialization in emerging economies. The increasing demand for zinc in various industries, including galvanization, automotive, and construction, is fueling market expansion. Furthermore, the introduction of new zinc-based products, such as advanced batteries and alloys, presents new opportunities for market participants. However, the market's growth is not without challenges. Furthermore, the integration of zinc-based materials, such as zinc-graphene batteries, presents opportunities for improved energy storage and enhanced performance.
Mining companies must navigate these challenges to effectively capitalize on market opportunities and maintain a steady supply of zinc to meet the increasing demand. The market is experiencing significant growth, driven primarily by the increasing demand for zinc in electronics and the semiconductor industries. Companies that can successfully navigate these challenges and innovate in response to evolving market dynamics will be well-positioned for success. Regulatory hurdles impact adoption, as stricter environmental regulations limit the use of certain zinc compounds. Additionally, supply chain disruptions, particularly in key producing regions, temper growth potential.

What will be the Size of the Zinc Market during the forecast period?

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The market encompasses various applications, including zinc-oxide nanoparticles for electronics, zinc-air batteries for energy storage, and zinc-oxide pigments for paint and plastics. Primary zinc production is derived from mining and smelting, while secondary zinc is obtained through recycling. The zinc industry also includes sectors such as zinc-oxide ceramics, pharmaceuticals, and cosmetics. Zinc consumption is driven by the demand for zinc-oxide pigments in paints and plastics, zinc-oxide coatings for corrosion protection, and zinc-oxide adhesives. Zinc-oxide rubber and zinc-oxide sealants are essential components in the automotive and construction industries. Zinc reserves are sufficient to meet current demand, but zinc mining and refining face challenges due to increasing production costs and environmental concerns. Zinc is utilized in electronics, agrochemicals, solar panels, cosmetics, telecommunications, automotive, construction, dietary supplements, and aerospace.
Zinc-oxide sensors and varistors are emerging applications in the electronics sector, while zinc-oxide composites and sealants are gaining popularity in the construction industry. The market outlook remains positive, with increasing demand for zinc-oxide nanoparticles in electronics and zinc-air batteries in the energy sector. Zinc-oxide pigments continue to dominate the market due to their wide applications in various industries. However, the price of zinc remains volatile due to supply and demand imbalances and geopolitical risks. Zinc-oxide fertilizers and zinc-oxide coatings are essential in agriculture and infrastructure sectors, respectively. Zinc-oxide cosmetics and pharmaceuticals are growing segments in the consumer market.
The zinc market dynamics are influenced by reserves, price fluctuations, and exploration. Overall, the market is dynamic, with ongoing research and development efforts to explore new applications and improve existing ones.

How is this Zinc Industry segmented?

The zinc industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Industrial
  Human health
  Others


End-user

  Construction
  Transportation
  Paints and coatings
  Electricals and electronics
  Others


Product Type

  Powder
  Solid metal


Geography

  North America

    US
    Canada


  Europe

    Belgium
    Germany
    UK


  APAC

    China
    India
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Application Insights

The industrial segment is estimated to witness significant growth during the forecast period. Zinc is a versatile element with extensive applications in various industries. Its alloys, including zinc-magnesium, zinc-nickel, and zinc-aluminum-magnesium, are widely used due to their superior corrosion resistance. This property makes zinc alloys indispensable in galvanization, where steel is coated with a protective layer of zinc. This coating significantly enhances steel's durability, making it a preferred choice in construction, infrastructure, automotive, and shipbuilding industries. The ongoing global push for modernization and urban development, particularly in emerging economies, has led to a rise

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The UK automotive parts zinc die casting market is experiencing robust growth, driven by the increasing demand for lightweight and high-strength components in vehicles. The market's expansion is fueled by the ongoing trend towards vehicle electrification, necessitating efficient and durable components for electric vehicle (EV) batteries and powertrains. Furthermore, the rising adoption of advanced driver-assistance systems (ADAS) and the continuous innovation in automotive design are contributing to the market's upward trajectory. The pressure die casting process dominates the production process segment due to its cost-effectiveness and high production speed. However, vacuum die casting is gaining traction due to its superior surface finish and dimensional accuracy, particularly for intricate engine and transmission parts. Key players in the UK market include both domestic and international companies, engaging in intense competition to secure market share. While precise market size figures for the UK are not provided, estimating based on the global CAGR of >3.00% and considering the UK's significant automotive manufacturing sector, a conservative projection would place the 2025 UK market size within the range of £100-£150 million. This estimate factors in the UK's relatively smaller automotive market compared to global giants like China or the US, but acknowledges its strong position in premium vehicle manufacturing. The forecast period of 2025-2033 anticipates continued growth, driven by factors mentioned above, potentially reaching £150-£220 million by 2033. This range reflects potential variations in economic conditions and the rate of EV adoption within the UK market. This market is segmented by production process (pressure die casting, vacuum die casting, and others) and application (body assemblies, engine parts, transmission parts, and others). The dominance of pressure die casting is expected to continue, while vacuum die casting will experience faster growth due to its superior quality. Growth will be influenced by government regulations promoting sustainable automotive manufacturing and the overall economic health of the UK's automotive sector. Challenges could include fluctuations in raw material prices (zinc) and increased competition. The market's future prospects remain positive, especially with the continued evolution of automotive technology and the growing emphasis on lightweighting and efficiency within the vehicle production landscape. UK Automotive Parts Zinc Die Casting Market: A Comprehensive Analysis (2019-2033) This comprehensive report provides an in-depth analysis of the UK automotive parts zinc die casting market, offering valuable insights for stakeholders seeking to understand market dynamics, trends, and future growth prospects. The report covers the period 2019-2033, with a focus on the estimated year 2025 and forecast period 2025-2033. It leverages data from the historical period (2019-2024) to project future market performance, expressed in millions of units. Key drivers for this market are: Growth of the Automotive Industry to Drive Demand in the Die Casting Market. Potential restraints include: High Processing Cost May Hamper Market Expansion. Notable trends are: Rising Demand for Vacuum Die Casting and Enactment of Stringent Emission Regulations.

In 2023, approx. 23K tons of zinc ores and concentrates were exported from the UK; with an increase of 2% on 2022 figures.

This is a website that provides commodity prices and indices, The data are monthly and go back to 1980. The prices reported are in nominal U.S. dollars and are period averages. benchmark prices are reported which are representative of the global market, not for individual countries. They are determined by the largest exporter of a given commodity. Monthly data are updated on the Wednesday of the first full week of each month, and is posted on the website shortly afterwards.

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In 2023, overseas purchases of zinc dust, powders and flakes (excluding zinc dust powders or flakes prepared as colours, paints or the like, zinc pellets) decreased by -34.3% to 1.2K tons, falling for the second year in a row after two years of growth.

UK Automotive Parts Zinc Die Casting Market size was valued at USD 420 Million in 2024 and is projected to reach USD 720 Million by 2031, growing at a CAGR of 6.9% from 2024 to 2031.

UK Automotive Parts Zinc Die Casting Market Drivers

Increasing Vehicle Production: The growth of the UK automotive industry, both domestic and international, is driving the demand for zinc die-cast components. Lightweighting Trends: The automotive industry's focus on fuel efficiency and reduced emissions is driving the adoption of lightweight materials, including zinc die castings. Complex Component Design: Zinc die casting is well-suited for producing complex components with intricate details, meeting the demands of modern vehicle design.

UK Automotive Parts Zinc Die Casting Market Restraints

Economic Fluctuations: Economic downturns can impact the automotive industry, leading to reduced demand for zinc die-cast components. Material Cost Volatility: Fluctuations in the price of zinc and other raw materials can affect the cost of production. Environmental Regulations: Stricter environmental regulations can impact the use of certain chemicals and processes in die casting.

The London Metal Exchange is the world centre for industrial metals trading. The prices discovered on the three trading platforms are used as the global reference price and both the metal and investment communities use the LME to transfer or take on risk, 24 hours a day. The LME publishes a variety of prices and reports covering all contracts traded on the Exchange.

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Discover the latest trends in the zinc market in the UK and learn about the projected growth in consumption over the next decade. Find out the expected CAGR for market volume and value, and where the market is headed by 2035.

Europe's Precious and Non-Ferrous Metal Manufacturing industry has had a volatile run recently, heavily impacted by fluctuating metal prices and the far-reaching effects of COVID-19. A significant presence scattered across the continent, including Germany, France, Italy, and Eastern Europe, ensures a highly competitive market. However, it's also laden with challenges due to growing imports from cost-effective Asian countries, primarily China. The high volatility in metal prices, coupled with a drop in demand from various sectors during COVID-19 and recent economic slowdown in 2023 and 2024, have weighed on industry revenue. Still, revenue is projected to contract at a compound annual rate of 6.2% to €321.6 billion over the five years through 2025. The easing of restrictions and the rebound in economic activity brought a surge in demand for metals from downstream manufacturing industries and construction in 2021. But soaring inflation in 2022, coupled with the energy crisis triggered by the Russia-Ukraine conflict, disrupted manufacturers heavily by severely raising production costs. Even though gold prices remained high due to ongoing uncertainty, reduced demand adversely affected most non-ferrous metals. Metal price fluctuations and intense competition, including inexpensive imports from China, have constrained profit since 2022. Looking forward, demand from car manufacturers and the boom in electric vehicles (EVs) should bolster growth prospects. The rising use of aluminium and copper in EVs offers opportunities for non-ferrous metal manufacturers. Expanding construction sector across Europe will also fuel demand for non-ferrous metals. However, fluctuating metal prices and competition from Asian, primarily Chinese, imports could dampen growth to some extent. Sustainability will be a significant factor shaping the industry's trajectory. European manufacturers will need to align with the push for a circular economy and focus on reducing CO2 emissions through modernised processes and recycling practices. Revenue is forecast to expand at a compound annual rate of 6.3% to €437.4 billion over the five years through 2030.

Provides the latest ferrous and nonferrous benchmarks and price assessments from both S&P Global Platts and The Steel Index (TSI). With access to end-of-day assessments, third party data and a rolling 45-day historic database from two of the leading metals price reporting agencies.

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