Zinc prices averaged USD 2,847 per metric ton in September, up 4.7% from August. On 30 September, the commodity traded at USD 3,057 per metric ton, up 7.4% from 30 August.
Prices rose markedly in recent weeks, boosted by healthier demand prospects. In mid-September, the Federal Reserve started its monetary policy easing cycle. Additionally, towards the end of the month, China cut multiple interest rates and deployed several measures to support the property sector. On the supply front, September’s developments are mixed: Teck partially closed its British Columbia plant, while Russia opened a plant in Ozernoye.
This chart displays Zinc (US$/mt) from 2022 to 2024.
High Grade Zinc LME (prices in US$/mt, aop)
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | |
|---|---|---|---|---|---|---|---|---|
| High Grade Zinc LME | 3,130 | 2,536 | 2,434 | 2,500 | 2,449 | 2,833 | 2,781 | - |