Zinc prices averaged USD 3,599 per metric ton in July, up 1.7% from June. On 31 July, the commodity traded at USD 3,709 per metric ton, up 3.8% from 30 June.
Zinc prices rose for a fourth successive month in July, reaching an over four-year high as fears of supply-side disruptions buttressed prices. Heavy rainfall and flooding in China—the world’s largest producer—are expected to hamper mining output. Moreover, production cuts at a zinc mine in southwest China plus scheduled maintenance at a major central China smelter are expected to further tighten concentrate availability in August, pushing traders to frontload purchases.
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 | - | - | - | - | - | - | 2,781 | 3,049 | 2,837 | 2,636 | 2,829 | 3,162 |