Zinc price news
Here are some recent news articles and updates on the zinc price:
Current Zinc Price:
As of March 2023, the current zinc price is around $2,450 per tonne, according to the London Metal Exchange (LME).
Recent Zinc Price Movement:
- Zinc prices have been trending upward over the past year, driven by strong demand from the automotive and construction industries, as well as supply disruptions in major producing countries such as Peru and Canada.
- In February 2023, zinc prices surged to a 10-year high of $2,550 per tonne, driven by concerns over supply disruptions and strong demand.
- However, prices have since retreated slightly, due to a slight increase in supply and a weaker-than-expected demand outlook.
News and Updates:
- Peru's zinc production to decline: Peru's zinc production is expected to decline by 10% in 2023 due to a combination of factors, including a decline in grades and a shortage of skilled labor. (Source: Mining Weekly)
- Canada's zinc production to increase: Canada's zinc production is expected to increase by 5% in 2023, driven by new projects and expansions at existing mines. (Source: Mining Weekly)
- Zinc demand to grow: The International Zinc Association (IZA) has forecast that global zinc demand will grow by 2.5% per year from 2023 to 2025, driven by increasing demand from the automotive and construction industries. (Source: IZA)
- Zinc prices to remain high: Analysts at Goldman Sachs have forecast that zinc prices will remain high in the short term, driven by supply disruptions and strong demand. (Source: Bloomberg)
Recent Zinc Price Charts:
Here are some recent zinc price charts from the London Metal Exchange (LME):
- 1-year zinc price chart:
- 3-month zinc price chart:
Please note that zinc prices can be volatile and may fluctuate rapidly, so it's always a good idea to check current prices and news for the most up-to-date information.