Zinc prices averaged USD 3,159 per metric ton in December, down 0.6% from November. On 31 December, the commodity traded at USD 3,082 per metric ton, down 6.0% from 28 November.
Average zinc prices ended a seven-month rally in December, edging below November’s average as plans for the first U.S. zinc refinery since the 1970s likely weighed on prices. Korea Zinc said it will build the USD 7.4 billion facility in Tennessee, raising expectations of future supply. Even so, prices in 2025 averaged their highest level since 2022, underpinned by tight inventories and resilient demand from the clean-energy sector.
This chart displays Zinc (US$/mt) from 2024 to 2025.
High Grade Zinc LME (prices in US$/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 | - | - | - | - | 2,449 | 2,833 | 2,781 | 3,049 | 2,837 | 2,636 | 2,829 | 3,162 |