The Global Zinc Metal Market Long-term Outlook provides the latest update of detailed supply and demand analysis and price forecasts for the zinc market out to 2035. In the medium to long term, the key issue is whether the zinc mining industry will be able to develop sufficient new mine capacity to offset scheduled mine closures and the incremental increase in global demand. This structural issue has been exacerbated by the decision of Glencore, the world's largest zinc miner to cut production which is likely to force smelters to cut production also.
Although the Japanese Government's "Abenomics" economic strategy has been in place for four years Japan remains the weakest performing of the developed economies. Japan's private sector has proved reluctant to making domestic investments, while wages and private consumption remain moribund. Nevertheless, the general pick up in the global economy since the middle of 2016 has buoyed Japan and its manufacturing sector in particular which has been helped in export markets by the weak yen.