Zinc prices averaged USD 2,887 per metric ton in March, up 3.2% from February. On 31 March, the commodity traded at USD 2,836 per metric ton, up 2.7% from 28 February.
In March, the manufacturing PMI in top consumer China rose to its highest level in a year. Additionally, Chinese authorities announced several stimulus measures in recent weeks, further supporting demand for the metal. Supply developments were also bullish for prices: Top global zinc producer Nyrstar recently announced a 25% output cut at its smelter in Australia from April onwards due to raw material shortages and rising costs.
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 | |
|---|---|---|---|---|---|---|---|---|
| High Grade Zinc LME | - | 2,536 | 2,434 | 2,500 | 2,449 | 2,833 | 2,781 | 3,049 |