Global zinc investment horizon outlook Q3 2022
Report summary
Table of contents
- Wave of new mine projects will see investment rise of over the next few years
- Corporate governance related issues come to the fore in Latin America
- $18.5Bn investment needed in zinc mining by 2032
- Medium-term forecasts
- Long term forecasts, base case and high-low thresholds
-
Overview
- China
- India
- Europe
- USA
-
Changes to forecast zinc consumption since previous quarter
- Market adjustments
- Mine projects
- Base Case projects
- Probable status projects
- Recent financing deals
- Mine Production changes since last quarter
- Africa
- Europe
- China
- Asia (excl China)
- Latin America
- Oceania
- Russia and the Caspian
- Africa
- India
- Middle East
- China
- Europe
- North America
Tables and charts
This report includes 32 images and tables including:
- Upcoming base case projects (kt/a Zn)
- Forecast investment required in new mine capability
- Required investment has been achieved in most recent years
- Capital intensity of operating mines compared to Probable and Possible status projects
- Price forecasts and refined market balances
- The zinc market is facing substantial surpluses in the concentrate and metal markets for the medium term
- Concentrate market balances table
- Metal stocks to rise in the medium-term which will undermine
- The relative strength of the dollar plays a key role in influencing the zinc price
- Requirement for new mine production
- Cost price relationships are used to forecast long-term prices
- Global zinc consumption by region
- Global zinc consumption is dominated by China
- Developing economies will drive consumption growth
- Chinese outlook upgraded
- Changes to mine capability to 2025
- World mine capability forecasts by region and global market adjustment
- Current mine production capability is expected to peak in 2025
- India will drive Asian consumption growth
- Turkey and East European economies will drive Europe's zinc demand growth
- European zinc consumption
- Breakdown of the mine production adjustment
- Requirement for new mine production
- Mine project allowance breakdown
- The mine production capability estimate was cut in 2022 but is to increase in most years to 2030
- Cumulative impact of changes to the mine production capability forecast for the period 2022-2026
- Increased smelter production capability is needed from 2027
- World smelter capability forecasts by region and global market adjustment
- Requirement of future smelter production
- Smelter utilisation forecast to rise in the medium-term
- 2022 smelter capability forecast has been reduced by 322kt with net new capacity from 2024
- Cumulative impact of changes to the smelter production capability forecast for the period 2022-2026
What's included
This report contains:
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