Commodity Market Report
Global zinc short-term outlook November 2023
Report summary
The zinc price climbed above $2600/t in November helped by the news of the closure of Nyrstar's Mid-Tennessee mine and a serious fire at the new Ozernoye mine. However, the price quickly gave up some of its gains when refined zinc flowed back into the warehouses of the LME. Meanwhile in China, the permanent shutdown of the vertical retort smelters is on the horizon. Following significant changes to our forecasts for both mine and smelter supply we now expect that the concentrate market will be in deficit in 2024 and as a consequence we have revised our annual treatment charge forecast downwards.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Commodity Market Report
Global zinc short-term outlook April 2024
The price climbed above $2900/t on the final day of the month, its highest level for over 12 months.
$5,000
Commodity Market Report
Global zinc short-term outlook February 2024
January's rally proved short lived and the price came under short selling pressure this month.
$5,000
Commodity Market Report
Global zinc short-term outlook March 2024
After starting the month at the $2362/t, the price manged to touch a high of $2523/t mid-month, but it failed to hold on to its gains.
$5,000