Commodity Market Report
Zinc strategic planning outlook Q2 2023
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Despite growing concerns about the global economy our base case assumption is that a major global economic downturn will not occur in the near term. In the near- to medium-term (2023-2033) global zinc consumption is forecast to grow at a rate of 2% p.a. In the long-term, zinc consumption growth is forecast to slow to average 1% p.a. for the period 2033-2050. Global base case mine production capability is forecast to peak at 14.9Mt in 2026, attrition, and ultimately ore reserve depletion will gradually reduce mine production and the number of active operations. With forecast refined production of 19.9Mt in 2050, the 15Mt shortfall in supply will be met by a combination of the development of new mine projects, mine life extensions, and the use of secondary materials and residues.
Table of contents
- Cost price relationships are used to forecast prices in the long-term
- Cyclical supply, demand and stocks are the main influence on the forecast zinc price in the medium term
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Insight
Global oil cost curves and pre-FID breakevens H1 2026
Middle East OPEC remains the key source of low-cost oil supply
$6,000
Insight
Long-term impacts of Russian refinery outages
How could global trade flows change if Russian oil product exports remain low?
$900
Commodity Market Report
Macro oils short-term outlook: March 2023
Global liquids demand recovers to 2019 levels by Q2 2023, as China demand surges
$2,000
