IZA CONF 2018: Zinc price forecast to peak at $4,300/t in 2019

The global zinc market is riding a wave of solid demand and historically low stock levels, leading to a cyclical uptick that will peak at $4,300 per tonne in 2019, according to Jonathan Leng of Wood Mackenzie.

Speaking at the International Zinc Association meeting, Leng noted that a mine production and consumption gap that has appeared over the past few years is expected to grow through 2022.

In total, 2.3 million tonnes of lost production occurred in 2016 and 2017 after miners decided to close and reduce production. These cutbacks disrupted trade flows in the concentrate market, with miners reducing exports to China and instead sending material to smelters in Europe,...

Published

Dalton Barker

February 15, 2018

01:45 GMT

California