Zinc prices averaged USD 2,790 per metric ton in August, up 1.0% from July. On 29 August, the commodity traded at USD 2,825 per metric ton, up 2.6% from 31 July.
Prices gained some ground in recent weeks as sentiment in the Chinese steelmaking sector improved; around half of global zinc output is used to galvanize steel, with China being the top buyer. Output cuts at a steel hub near Beijing, coupled with a report indicating that Chinese authorities will curtail steel output next year, boosted sentiment in the steelmaking sector as the measures are likely to improve profitability at struggling steel mills.
This chart displays Zinc (US$/mt) from 2023 to 2025.
High Grade Zinc LME (prices in US$/mt, aop)
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High Grade Zinc LME | - | - | 2,434 | 2,500 | 2,449 | 2,833 | 2,781 | 3,049 | 2,837 | 2,636 | - | - |