Commodity Market Report
Global zinc short-term outlook April 2024
This report is currently unavailable
*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 fresh longs and short covering saw the price climb above $2900/t on the final day of the month, reaching its highest level for over 12 months. The tightness in the concentrate market allowed zinc miners to push treatment charges lower, with the 2024 annual settlement made at $165/t of concentrate flat (no price participation), sharply lower than last year’s base TC of $274/t. Meanwhile, spot treatment charges have continued to move lower, albeit in a very thin market, with this month’s indicative TC of $45/t – a six year low.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Insight
2025 zinc benchmark TC: a new era or a strategic move?
The 2025 annual zinc benchmark contract treatment charge is understood to have been settled. Was this a strategic move by smelters?
$1,050
Insight
Perth metals briefing - market dynamics, outlook and geopolitical influence
During our Perth briefing we looked across commodities with a deeper dive into lithium, copper, gold and iron ore.
$1,050
Insight
Gold Fields consolidates ownership of Gruyere through Gold Road acquisition
Gold Fields enters into a binding agreement to acquire Gold Road Resources.
$1,050
