Zinc futures held near $3,600 per tonne, the highest in nearly four years, as supply conditions tightened amid recent disruptions. Glencore’s Kazzinc facility in Kazakhstan has been operating at reduced capacity following a fatal explosion, while Nexa’s Cajamarquilla smelter in Peru was temporarily suspended due to fire-related damage, though it has recently announced a gradual resumption of production. These disruptions come at a time when inventory levels are already low, with LME zinc stocks at 111,250 tonnes, representing less than three days of global consumption. Mine closures and project delays have also added to supply pressures. Looking ahead, supply conditions are expected to gradually improve later in the year, with Boliden’s Garpenberg mine set to resume production in Q2 and Japan’s Mitsui Mining and Smelting planning to raise output by 3.2% in the first half of fiscal 2026/27. On the demand side, persistent Middle East tensions continue to weigh on the broader outlook.
Zinc fell to 3,472.55 USD/T on June 11, 2026, down 0.26% from the previous day. Over the past month, Zinc's price has fallen 1.54%, but it is still 31.30% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Zinc reached an all time high of 4603 in November of 2006. Zinc - data, forecasts, historical chart - was last updated on June 11 of 2026.
Zinc fell to 3,472.55 USD/T on June 11, 2026, down 0.26% from the previous day. Over the past month, Zinc's price has fallen 1.54%, but it is still 31.30% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Zinc is expected to trade at 3540.44 USD/MT by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 3745.48 in 12 months time.