Zinc Prices man

Zinc prices averaged USD 3,324 per metric ton in February, up 3.6% from January. On 27 February, the commodity traded at USD 3,299 per metric ton, down 2.8% from 30 January.

Average zinc prices rose at the fastest pace in four months and hit an over three-year high in February. A recent report from the Lead and Zinc Study Group revealed that the global zinc market remained in deficit. Refined zinc output declined in Brazil, Kazakhstan, Mexico and Japan—Toho Zinc’s Annaka smelter closed in the latter country—while a temporary suspension at Korea’s Seokpo plant also weighed on supply, propping up prices in turn.