Global zinc short-term outlook December 2022 Report

Commodity Market Report 22 December 2022

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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below

Report summary

The rapid easing of covid restrictions initially boosted the zinc price, but as it became clear that the wave of infection surging across China is likely to disrupt the economy well into Q1 2023 the price lost ground. Meanwhile, Nyrstar continued to adjust output from its European smelters by placing its 160kt/a Auby plant on care and maintenance for the second time this year. With exchange stocks falling to multi-decade lows, spot premiums in Europe remain well supported at elevated levels. In the US they lost some ground but remain at very high levels by historic standards.

Market Developments
Concentrate markets
Production News
- Current mine developments
- Project development
- Corporate activity
- Smelter production
- Current smelter developments

Tables and charts

This report includes the following images and tables:

Zinc price briefly breaks away from other LME metals before falling back into line
Stocks close to record lows
Refined market tightness supports premiums despite price retreat