Global zinc investment horizon outlook Q3 2023
Global zinc demand growth is set to contract for a second consecutive year in 2023. With a muted recovery in Chinese demand failing to offset a sharp downturn in European demand. However, in the medium term demand will recover, driven primarily by India and other Asian nations. Meanwhile, we forecast only a slight rise in mine output this year, much less than expected at the beginning of 2023 due to several major disruptions to mines supply. This is set to change in 2024.