An error occured. Details Hide
You have unsaved pages. Restore Cancel
 8520    3   Export
More Actions

Zinc prices grew by 11 percent in November 2017 and continued medium-term growth. Since January 2016, when the price of zinc reached a 7-year low, zinc prices have rebounded by 68 percent ending at $2,566.2 per metric ton. This level is the highest since November 2007. This rapid growth was primarily led by an agreement of producers to decrease the supply because of low prices. The closure of such deposits as Century in Australia and Lisheen in Ireland, and the reduction of the output at Rampura Agucha in India, Antamin and Iscaycruz in Peru, and at Glencore in China had a great effect. Experts estimated that deficit will be bigger than it was in 2005. But price growth will be less.

Leading international agencies made the following predictions of zinc price changes:

  • The World Bank in its commodity forecast report estimated that the average spot price for zinc will rise in 2018 to $3,000 per metric ton from $2,900 in 2017. The growth will reach a maximum value of $3,000 per metric ton in 2018. After that, the declining period will start.
  • The IMF's report revealed a similar expected rise from $2,758 per metric ton in 2017 to $2,798 in 2018 and decrease to $2,683 in 2019. For the further period, experts don't expect a smooth rising. They predicted a fall to $2,581 per metric ton by 2020.

Dive deeper into historical commodity prices from the World Bank and IMF or commodity price forecasts.

You can also explore with Knoema a variety of other critical commodities, including:

gold | silver | copper | aluminum | nickel | zinc | coal | natural gas | crude oil

As you examine commodity prices and forecasts, you may also be interested in economic forecasts for the G20 countries across the following indicators: GDP growth | inflation | unemployment | government debt | current account balance | external debt.

Last updated: