Commodity Market Report

Global zinc short-term outlook June 2023

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News of significant mine production disruptions only provided a temporary respite for the zinc price this month. The news that Boliden is placing its Tara mine on care and maintenance saw the price shift higher but the combination of dollar strength, another raft of disappointing macro-economic data from China, and further weakness in Europe saw the price start to slide lower. Could news of force majeure being declared at Penasquito in late-June stall the slide?

Table of contents

    • Europe
  • India
  • Indonesia
  • Concentrate markets
    • Current mine developments
    • Project development
    • Corporate Developments
    • Smelter production
    • Current smelter developments

Tables and charts

This report includes 22 images and tables including:

  • Zinc continues to underperform
  • Little change to global exchange stocks
  • Price and premium slide continues
  • Price forecasts and global quarterly supply and demand balance
  • Cumulative change to forecast since Q1 for 2022-2025
  • Galvanized sheet and metallic coated sheet production
  • Key indicators of zinc consumption
  • Treatment charges $/t of concentrate
  • Comparison of revenue from different treatment charges
  • Chinese concentrate imports (kt gross weight concentrate)
  • Concentrate balance
  • European economy is losing momentum
  • China's real-estate sector is struggling
  • Chinese galvanized sheet production is starting to slide
  • Mine disruption allowance breakdown
  • Index of Chinese smelter production
  • Global refined zinc consumption - (kt Zn)
  • Global zinc mine production (kt Zn)
  • Global zinc smelter production (kt Zn)
  • Zinc stocks, prices and premiums
  • Chinese trade data (kt)
  • Global slab zinc supply/demand balance (kt)

What's included

This report contains:

  • Document

    Global zinc short-term outlook June 2023

    PDF 1.08 MB