Zinc Hits Near 4-year High

Zinc futures climbed above $3,650 per tonne, the highest level since June 2022, as prospects of reduced Chinese mine and smelter production heightened concerns over near-term supply. Production adjustments at a zinc mine in Southwest China are expected to reduce zinc concentrate output by around 1,000 tonnes in August, while scheduled maintenance at a major smelter in Central China could cut production by 1,000-1,500 tonnes, further limiting concentrate availability. Among key producers, Glencore reported a 21% year-on-year decline in own-sourced zinc production in the first half of 2026, although it maintained its full-year production guidance. Boliden’s zinc concentrate production dropped 16.8% quarter-on-quarter, while MMG fell 1% year-on-year in the second quarter. Prices were also supported by a weaker US dollar, making greenback-priced commodities more attractive to overseas buyers.

Zinc increased to 3687.00 USD/T, the highest since August 2022. Over the past 4 weeks, Zinc gained 4%, and in the last 12 months, it increased 33.4%.

Zinc increased to 3640.00 USD/T, the highest since June 2026. Over the past 4 weeks, Zinc gained 3.83%, and in the last 12 months, it increased 33.18%.