Zinc Price Forecast for 2025
In 2025, zinc prices are expected to fluctuate based on global supply-demand dynamics and evolving economic conditions. Current trends indicate that prices may see a downward shift, though there are varying projections from different analysts.
Supply Factors: China, as a leading producer and consumer of zinc, will play a critical role. Forecasts indicate that China’s zinc production may increase as it recovers from previous COVID-19 restrictions. This rise in production, coupled with soft demand in sectors like infrastructure and automotive, may place downward pressure on prices. In Europe, high energy costs continue to strain zinc smelters, potentially limiting supply; however, recent increases in renewable energy investment could stabilize this supply in the coming years.
Demand Outlook: Analysts expect a mixed demand landscape. Key industrial sectors in India, the U.S., and parts of Asia may see growth, spurring zinc usage, while Europe could experience stagnant or reduced demand due to economic challenges. According to Fitch Ratings, this weaker global demand could lower average zinc prices to around $2,200 per ton in 2025.
Market Dynamics: The market could also experience price swings due to geopolitical events, which impact both production costs and demand. In the best-case scenario, constrained global supplies could drive prices to as high as $3,000 per ton if demand outpaces production.
Consclution on Zinc Price Forecast for 2025
Overall, while analysts suggest a possible average range of $2,200 to $3,000 per ton in 2025, the forecast is heavily contingent on global economic stability and energy prices. Please follow LME website regularly to get the most accurate zinc price.
