Commodity Market Report

Global zinc long-term outlook Q2 2020

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24 June 2020

Global zinc long-term outlook Q2 2020

Report summary

The past few months have been without precedent. The collective efforts to contain the coronavirus have put the global economy on hold. Although containment measures are now being relaxed and economies are reviving, the near to medium-term outlook remains highly uncertain. With most countries imposing restrictions to contain the spread of the virus. Mine supply and consumption have suffered the most. In the long term, the key issues facing zinc are on the supply side - will sufficient new mine and smelting capacity be developed in the next decade to meet growth in demand for metal? This issue is forecast to result in a structural shift in the zinc market dynamic and the price.

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