Why are Zinc Prices so high?
30-01-2026 - Over the past month, the price of zinc has seen a notable increase, climbing from $3,091.78/t to $3,389.62/t. This rise suggests strong market demand or possible supply constraints affecting the zinc market. However, the forecast predicts a decrease to $3,217.48/t, a 5.1% drop from the current price, indicating a potential downward trend. This shift suggests possible market volatility impacting raw material prices.
The forecast highlights significant downward pressure on raw material prices, primarily influenced by technical data, resulting in a combined impact of -$109.5/t. Key factors contributing to this trend include Traders' Positions (-$51.01/t) and Price Signals (-$28.29/t), with all data types supporting this outlook.
Additionally, a report from Fastmarkets supports this forecast, projecting a decline in LME zinc prices to $3,217.48/t over the next month. While a slight price increase is anticipated in the first half of 2026 due to regional disparities, zinc prices are expected to decline as global surpluses persist into 2026-27. This external analysis aligns with the forecast, reinforcing expectations of a continued downward trend in zinc prices.
The forecast highlights significant downward pressure on raw material prices, primarily influenced by technical data, resulting in a combined impact of -$109.5/t. Key factors contributing to this trend include Traders' Positions (-$51.01/t) and Price Signals (-$28.29/t), with all data types supporting this outlook.
Additionally, a report from Fastmarkets supports this forecast, projecting a decline in LME zinc prices to $3,217.48/t over the next month. While a slight price increase is anticipated in the first half of 2026 due to regional disparities, zinc prices are expected to decline as global surpluses persist into 2026-27. This external analysis aligns with the forecast, reinforcing expectations of a continued downward trend in zinc prices.
What is the current / spot price of Zinc?
Zinc Price Today
January 30, 2026
Current Price
3389.62
$/t
What is the forecast for the price of Zinc?
Zinc Price Forecast
January 30, 2026
1 Month Forecast
3217.48
$/t
1 Year Forecast
3271.03
$/t
What are the short-term drivers of Zinc prices?
Over the 1 Month horizon the outlook is bearish due to drivers such as: - The net positions of speculators on the LME - Short term price trends - EWMA-based technical analysis - Zinc exports from Peru Br(None) The top contrary drivers for the 1 Month horizon are: - Mineral Concentrates exports from Peru
What are the long-term drivers of Zinc prices?
Over the 1 Year horizon the outlook is bearish due to drivers such as: - Short term price trends - Movements in the Australian Dollar - Movements in the Chinese Yuan Br(None) The top contrary drivers for the 1 Year horizon are: - The net positions of speculators on the LME - Movements in the Euro
Will the price of Zinc go up?
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1 Week
1 Month
3 Month
6 Month
1 Year
The Latest Zinc News
ChAI Blog
Macro Sentiment Drives LME Zinc to a Nearly Three-Year High [SMM Morning Meeting Minutes]
January 29, 2026
metal.com
Metals
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