Global zinc short-term outlook March 2021

The zinc price consolidated its position at close to the $2800/t level in March, creeping a little higher than last month. In the absence of macro-economic fireworks, the price of zinc is forecast to remain close to current levels for the balance of the year, as positive investor sentiment looks set to be sustained. Key reasons for this include, ongoing vaccination programmes and rising manufacturing activity. Read further in our latest Global zinc short-term outlook for details on: Issues affecting global and Chinese zinc demand The main supply developments over the past month Smelters added to the base case The latest information on the spot treatment charge market Risk to Chinese smelters from low profitability compared to 2012