Zinc Prices

09-12-2025 - Over the past month, the price of zinc as a raw material has risen from $3,151.75 per ton to $3,287.73 per ton. This increase suggests a strengthening market, potentially due to supply constraints or heightened demand. However, the forecast predicts a price decline to $3,161.80 per ton, a decrease of 3.8% from the current level, indicating a potential downward trend. This shift could introduce market volatility affecting raw material pricing.

The forecast highlights a notable price reduction of $74.30 per ton, primarily influenced by technical data, including price signals and the futures curve. While flow data suggests upward pressure, the overall demand, supply, and technical indicators point towards a downward trend in raw material prices.

The forecast anticipates a decline in the LME zinc price to $3,161.80 per ton over the next month. This projection aligns with a report from Argus Media, which expects zinc prices to decrease in 2025 due to increased supply. The report notes that global refined zinc demand is projected to grow by 1.7% in 2025, down from an earlier estimate of 2.5%. Additionally, European zinc premiums fell in 2024, reflecting weaker consumption from downstream sectors like construction and manufacturing. Analysts generally hold a bearish outlook for zinc prices in 2025, forecasting a drop to $2,600 per ton, with a further decline to $2,500 per ton in 2026.