Zinc: things to look for in 2024
Predictions for the year ahead
1 minute read
Andrew Thomas
Head of Zinc Market Research
Andrew Thomas
Head of Zinc Market Research
Andrew is responsible for forecasting the supply and demand of refined zinc.
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View Andrew Thomas's full profileWhat's in this year's report?
The easing of inflationary pressures in several of the world’s major economies suggests that global supply chains are returning to normal. However, weaker economic growth and companies being forced to adapt to supply chain disruptions means that it is a 'new normal'.
Lower zinc prices, premiums and treatment charges mean that this new normal will remain challenging for the world’s zinc producers, particularly in the first half of the year.
Meanwhile, higher interest rates and the trajectory of interest rate cuts in the coming months, coupled with sluggish growth in China, mean that the outlook for zinc demand is also challenging.
In this report we draw on insight from our Zinc Research Suite to examine the key things to watch in the year ahead. This includes:
- Lower prices and high costs keep mine margins under pressure
- The demand outlook for the main regional markets for zinc diverged in 2023. Will this divergence persist in 2024?
- And more.