The International Lead and Zinc Study Group (ILZSG) reported that zinc prices saw a small increase of 0.16%, culminating in a closing price of 214.55. This increase was attributed to an increase in the global zinc market deficit. The information showed that in December 2023, there was a 62,600 metric tonne shortfall, up from 53,500…
With traders evaluating demand forecasts in China, the largest consumer, after the Lunar New Year break, zinc saw a loss of -1.71%, closing at 212.05. Reviving the housing market and stimulating loan demand are the overarching goals of China’s attempt to lower the benchmark reference rate for mortgages. Zinc concentrate production is planned to commence…
China, a major user of zinc, is experiencing a slowdown in demand and the economy, which is reflected in the current downward trend in zinc prices, as was demonstrated by yesterday’s 1.07% drop to settle at 207.6. Setbacks in the Russian zinc market, particularly the production delay at the Ozernoye mine as a result of…
Zinc prices fell -0.91% to settle at 228.45 in December as a result of China’s official PMI dropping to 49 from the previous month, which heightened expectations of further government support. With expectations of early interest rate reductions by major central banks and a more complete economic recovery in China, the world’s largest zinc consumer,…
As a result of increasing metal deliveries into London Metal Exchange (LME) warehouses, worries about oversupply caused zinc prices to drop by -0.84%, ultimately settling at 223.5. An abundance of zinc is a cause for concern as the total amount of zinc stored in LME warehouses hit their highest points since September 2021. The shortfall…
