Zinc futures in the UK rose to $3,400 per tonne in late February, near the three-year high of $3,430 from January 29th amid persistent concerns of tight supply. Refined zinc production was on track to fall 2% last year, per the latest data, despite the 6.3% jump in mined output, consistent with output curbs among smelters in Kazakhstan and Japan, with the latter being pressured by the closure of the key Toho Zinc Annaka plant. Likewise, treatment charges for zinc rose toward $105 thousand tonnes, compared to 230.5 thousand tonnes at the start of last year, after their near depletion of on-and off-warrant stocks at the start of the fourth quarter. Base metals also received broad support from expectations that electrification push and datacenter investments would maintain consumption of industrial inputs despite headwinds to global growth.
Zinc fell to 3,319.75 USD/T on February 27, 2026, down 1.57% from the previous day. Over the past month, Zinc's price has fallen 1.92%, but it is still 18.53% 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 March 1 of 2026.
Zinc fell to 3,319.75 USD/T on February 27, 2026, down 1.57% from the previous day. Over the past month, Zinc's price has fallen 1.92%, but it is still 18.53% 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 3337.36 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 3528.89 in 12 months time.