Commodity Market Report
Global zinc short-term outlook December 2021
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
For the third consecutive month, the most important developments in the zinc market have revolved around smelters and the refined market. In December, Nyrstar, majority-owned by Trafigura, announced that it will be idling its Auby smelter next month. The company cited high power prices, and expectations that power prices will remain high. The Auby news spurred the price higher to $3465/t, a significant uplift, but still below October's peak. The news followed last months' announcement by Glencore that it will place its Portovesme smelter on care and maintenance. The idling of the two smelters effectively cuts the supply of primary refined zinc to the European market by around 13%. Europe's visible stocks of refined zinc stand at just 2kt. This lack of alternative supply is reflected in spot premiums which have shifted higher around the world.
Table of contents
- Market Developments
- China
- Europe
- Concentrate market
- Mine production
- Mine production news
- Smelter production
- Smelter production news
Tables and charts
This report includes the following images and tables:
-
Zinc second best performer on LME in 2021Low exchange stocks offer little protection against further smelter disruptionsWill spot premiums test 2006-2007 highs in Q1?
-
Price forecasts and global quarterly supply and demand balanceCumulative impact of changes to the forecast for 2021-2023Chinese automotive production recovers in October but still down year on yearPace of growth decelerates in manufacturing and services but accelerates in constructionGalvanized sheet and metallic coated sheet productionKey indicators of zinc consumptionTreatment charges $/t of concentrateAnnual concentrate balancesMine disruption allowance breakdown
- 8 more item(s)...
What's included
This report contains:
Other reports you may be interested in
Country Report
Global zinc and lead mine cost summary
This global cost summary report examines production and cost trends in the zinc and lead mining industry.
$6,750
Insight
Global Short-Term LNG Supply Tracker (Q3 2025)
Quarterly update of short-term LNG supply dynamics by country
$1,050
Asset Report
Future exploration outlook
Focuses on the near-term exploration outlook until 2030 and the sector’s longer-term prospects to 2050.
$11,000
