Zinc Falls to 1-Month Low

2026-06-11 05:55 By Judith Sib-at 1 min. read

Zinc futures fell toward $3,450 per tonne, the lowest in a month, as investors grew concerned about the demand outlook amid escalating tensions in the Middle East and expectations of tighter US monetary policy.

The latest strikes between the US and Iran risk prolonging the conflict and fueling inflationary pressures, which could weigh on global growth and metal consumption.

The downside was limited by tightening supply conditions.

Glencore’s Kazzinc facility in Kazakhstan are running at reduced capacity after a fatal explosion, while Nexa’s Cajamarquilla smelter in Peru was temporarily suspended due to fire-related damage, though it recently announced a gradual resumption of production.

These disruptions have reinforced concerns about global zinc availability, especially as the International Lead and Zinc Study Group projected a refined zinc deficit of 19,000 tonnes this year.

Meanwhile, Boliden’s Garpenberg mine is set to resume production in Q2, helping to ease some supply pressures.



News Stream
Zinc Falls to 1-Month Low
Zinc futures fell toward $3,450 per tonne, the lowest in a month, as investors grew concerned about the demand outlook amid escalating tensions in the Middle East and expectations of tighter US monetary policy. The latest strikes between the US and Iran risk prolonging the conflict and fueling inflationary pressures, which could weigh on global growth and metal consumption. The downside was limited by tightening supply conditions. Glencore’s Kazzinc facility in Kazakhstan are running at reduced capacity after a fatal explosion, while Nexa’s Cajamarquilla smelter in Peru was temporarily suspended due to fire-related damage, though it recently announced a gradual resumption of production. These disruptions have reinforced concerns about global zinc availability, especially as the International Lead and Zinc Study Group projected a refined zinc deficit of 19,000 tonnes this year. Meanwhile, Boliden’s Garpenberg mine is set to resume production in Q2, helping to ease some supply pressures.
2026-06-11
Zinc Hits 4-week Low
Zinc decreased to 3486.00 USD/T, the lowest since May 2026. Over the past 4 weeks, Zinc gained 0.27%, and in the last 12 months, it increased 31.34%.
2026-06-10
Zinc Climbs to Near 4-Year High
Zinc futures rose to $3,630 per tonne, the highest in nearly four years, as supply conditions tightened amid recent disruptions. Nexa’s Cajamarquilla smelter in Peru was temporarily shut following fire-related damage, while Glencore’s Kazzinc facility in Kazakhstan reduced capacity after a blast. These disruptions have compounded existing supply pressures at a time when inventories 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-side strain. However, the supply outlook is expected to gradually improve later in the year, with Boliden’s Garpenberg mine set to resume production in the second quarter, while Japan’s Mitsui Mining and Smelting plans to raise refined zinc output by 3.2% in the first half of the 2026/27 financial year.
2026-06-03