Commodity Market Report
Global zinc long-term outlook Q1 2018
Report summary
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 played a pivotal role in the zinc price climbing to its highest level for 10 years in recent months.
Table of contents
-
Executive summary
- Key Points
- Demand – what's changed?
- Supply – what's changed?
-
Demand
-
Overview
- China
- Japan
- India
-
Europe
- Turkey is forecast to become Europe's largest zinc consumer
- USA
- First and end uses
- First use
- End use
-
Overview
-
Supply
-
Mine Production
- Overview
- Africa
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Mine Production
-
Supply-demand balances
-
Zinc market dynamic
- Zinc metal and concentrate stock cycle (kt Zn)
- Supply and Demand - Base Case and Long Term
- Long-term Zinc Price Forecasts
- Scenario analysis
Tables and charts
This report includes 49 images and tables including:
- Manufacturing activity in all of the world's major economies is expanding
- Global slab zinc consumption by region
- Global slab zinc consumption by region
- Global slowdown a risk
- The need to lighten cars helped reduce zinc's intensity of use
- Exchange stocks and price
- LME cash zinc prices and base case forecast 1950- 2035
- Sources of future supply
- Forecast stocks and prices
- Price forecasts and refined marked balances
- Concentrate market balances
- US$ Trade Weighted Index versus zinc price with TWI averages
- Zinc price forecasts (nominal $/t)
- Zinc price forecasts (real $/t)
- Comparison of base case and scenario outcomes
- China totally dominates global zinc consumption
- Chinese per capita consumption will not track Japan and South Korea
- Asia (ex-China) consumption
- Indian first use is dominated by galvanizing
- Manufacturing is expanding in most of Europe
- European zinc consumption will stagnate
- European construction is picking up
- The only certain impact of tariffs and trade barriers is higher galvanized sheet prices
- Global first use consumption for zinc
- Global zinc consumption by end use
- World capability forecasts by region and global market adjustment
- Mine adjustment breakdown
- African zinc mine production
- Asian zinc mine production
- Supply: Table 5
- Supply: Table 6
- Supply: Table 7
- Supply: Table 8
- Supply: Table 9
- Supply: Table 10
- Supply: Table 11
- Supply: Table 12
- Supply: Table 13
- Supply: Table 14
- Supply: Table 15
- Supply: Table 16
- Supply: Table 17
- Supply: Table 18
- Supply: Table 19
- Supply: Table 20
- Supply: Table 21
- Supply: Table 22
- Supply-demand balances: Image 2
- Demand: Image 9
What's included
This report contains:
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