Zinc prices averaged USD 3,355 per metric ton in April, up 5.4% from March. On 30 April, the commodity traded at USD 3,360 per metric ton, up 4.3% from 31 March.
Zinc prices rebounded sharply in April, reversing a brief dip in March. Hopes for an end to the Middle East conflict weakened the USD—making the metal cheaper for buyers—and eased concerns over inflation and the outlook for manufacturing. Tighter supply added support: LME inventories fell and treatment charges for zinc concentrate dropped, pointing to limited raw material availability. Mine closures and operational disruptions continue to squeeze supply, reinforcing the rally.
This chart displays Zinc (US$/mt) from 2024 to 2026.
High Grade Zinc LME (prices in US$/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 | - | - | - | - | - | 2,833 | 2,781 | 3,049 | 2,837 | 2,636 | 2,829 | 3,162 |