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ZINC
Zinc
Past performance is not an indication of future results.
About
Zinc is a chemical element with the symbol Zn. Zinc sulphide (ZnS), sphalerite, is the most common mineral containing zinc. The largest commercially exploitable ore deposits of zinc are located in Australia, Asia, and the United States.
Factors affecting ZINC
1. Supply and demand When supply exceeds demand, prices fall. When demand exceeds supply, prices tend to rise. 2. International economic situation Zinc has become an important non-ferrous metal, especially in developed countries or regions, where zinc consumption is closely linked to economic development. 3. Cost of zinc smelting The overall cost of zinc smelting primarily comprises expenses associated with zinc raw materials, supplementary materials, fuel and power, labor, manufacturing, and other costs. The cost of zinc smelting is significantly affected by changes in the price of zinc concentrate, fuel, and electricity.
Historical market review
The price of zinc fell by over 35% in 2022, from a peak of 383 in mid-April to a low of 248 in late September.
Economic data affecting ZINC (by importance)
Inventories in London Metal Exchange warehouses
