Zinc prices fell 1.23% to ₹276.15 on sluggish manufacturing activity. This is expected to weigh on global GDP and zinc demand, leading to trade disruptions.
In December 2024, China’s domestic production of refined zinc increased by 20,000 metric tons (MT) or 5% MoM. However, the year-on-year decline in overall production was more than 6%.
Unexpected output from Qinghai, Inner Mongolia, Xinjiang, Hunan and Shaanxi contributed to the zinc production, while Henan, Gansu, Sichuan and Inner Mongolia had less severe production declines than expected.
The zinc market deficit widened to 69,100 MT in October from 47,000 MT in September. The lower availability of concentrates during this time led to a 1.7% decline in refined metal production, while production in Canada and China declined. South Africa and Peru saw a 3.8% annual decline in mining output.
