Commodity Market Report
Global zinc investment horizon outlook Q3 2024
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
A combination of a modest improvement in demand and improving sentiment has seen the price showing signs of consolidating at around $2900/t. With the concentrate market continuing to tighten and spot treatment charges falling to record lows, we project that cutbacks in Chinese refined production will lend additional momentum to the price and see it climb towards $3200/t. However, in the medium-term, rising mine production will ease the tightness and see the refined market move to surplus. Read further in our latest Global zinc strategic planning outlook for details on: Our latest country by country demand forecasts Our revised projections for mine and smelter production Our supply and demand analysis out to 2050 Our latest long-term price forecasts
Table of contents
- Medium term forecasts
- Long term forecasts, base case and high-low thresholds
- Medium-term overview
-
Long-term overview
- China
- India
- Europe
- USA
- Changes to forecast zinc consumption since previous quarter
- Market adjustments
- Mine projects
- Possible status projects
- 22 more item(s)...
Tables and charts
This report includes the following images and tables:
- The zinc market is facing substantial surpluses in the concentrate and metal markets for the near-term term
- Concentrate market balances table
- Macro economic concerns and rising metal stocks will weigh on the zinc price in the medium term
- 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
- Per capita zinc consumption growth will be modest
- Developing economies will drive consumption growth
- Cyclical downturns have a significant and structural impact on global zinc consumption
- Structural shifts in zinc's first uses have resulted in a sharp decline in intensity of use
- 35 more item(s)...
What's included
This report contains:
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