Global zinc short-term outlook October 2020

The return to normal of the Chinese economy and the evident tightness in the spot concentrate market has helped buoy the zinc price to an almost 12 month high. However, the price strength is set for a challenging few weeks that are likely to see the outcome of the US presidential election together with the rapid expansion of coronavirus infections cause turbulence in financial markets. Read more in our latest Global zinc short-term outlook for details on: • The recovery of the global economy and the impact on zinc consumption • Latest supply supply-side developments, including higher Chinese refined output • The dramatic fall in Chinese spot TCs and the trend for domestic TCs • Continued high levels of Chinese concentrate imports • The Chinese concentrate puzzle