Insight
Zinc: 5 things to look for in 2026
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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
Although demand for zinc metal was generally subdued around the world in 2025, both the concentrate and refined markets witnessed periods of high volatility. 2026 looks set to be a similarly dramatic and volatile year, especially with ongoing geo-political uncertainty. This insight report reviews five zinc industry-specific issues to look out for.
Table of contents
- 1. Risk of smelters missing production targets
- 2. New smelter deals to be done?
- 3. Stronger performance of new mines, as some older mines wane
- 4. Higher mine profit margins with the hike in silver prices
- 5. Can the 15 th Five Year Plan stimulate demand in China?
Tables and charts
This report includes the following images and tables:
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Zinc mine cash margin curve for 2025 and varying price scenarios for 2026
What's included
This report contains:
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