Conclusion. Zinc futures are essential for investors wanting insurance against rising prices. It allows investors to buy/sell the commodity at a predetermined price on a future date. Investors can hedge themselves against rising zinc prices, as the predetermined price (strike price) is followed for futures contracts.
Meanwhile, BMI forecasts zinc prices will average $2 700/t in the longer term, between 2024 and 2028, which is below the 2022 average price of $3 440/t.
Description. The global Zinc market stood at approximately 13.8 million tonnes in 2023 and is anticipated to grow at a CAGR of 2.14% during the forecast period until 2034.
Zinc status in human subjects is assessed by measurement of zinc in plasma, erythrocytes, neutrophils, lymphocytes, and hair. Available data indicate that zinc in neutrophils and the assay of activity of alkaline phosphatase in neutrophils may be the best tools for the diagnosis of zinc deficiency.
The Price of Zinc in MCX is 274.75.
Although certain commodities such as oil and farm products began to show recovery, base metals saw a significant drop, especially Zinc Ingot. The price of Zinc Ingot fell, a trend that may be attributed to Trump's emphasis on enhancing local manufacturing, which poses a risk to the international trade dynamics.
China has been the largest consumer and producer of zinc, accounting for a significant share of the global market. Other major players in the market include the United States, India, and Europe.
The Zinc Coating Life Predictor (ZCLP) accurately calculates atmospheric corrosion rates of zinc coatings using a worldwide corrosion database and input of five environmental parameters: average annual rainfall, air salinity, sulfur dioxide, relative humidity, temperature, and sheltering condition.
Several factors make zinc an attractive investment proposition in the current market: Market growth: The global zinc market size was valued at US$20.02 billion in 2023, and is projected to grow from US$23.36 billion in 2024 to US$30.40 billion by 2032, showing a CAGR of 5.58 percent from 2024 to 2032.
In the third quarter (Q3) of 2024, the global price of zinc amounted to nearly 2,800 U.S. dollars per metric ton. That was a slight decrease from the previous quarter. Furthermore, it is expected that over the next decade, the global zinc demand for renewable energy technologies will increase.
Zinc prices increased this year as supply was tight, but prices are expected to soften next year because of improved supply and continued weak demand in key consumption markets.
Zinc and Zinc Mini differ mainly in lot size, with Zinc at 5 MT and Zinc Mini at 1 MT.
Zinc, a nutrient found throughout your body, helps your immune system and metabolism function. Zinc is also important to wound healing and your sense of taste and smell. With a varied diet, your body usually gets enough zinc.
Demand for zinc was expected to grow by 2030, despite the challenges facing both the supply and demand sides, Andrew Green, executive director of the International Zinc Association, said in an exclusive interview with Fastmarkets during LME Week in London.
Zinc is one of the major metals found and mined in Alaska, with hundreds of thousands of tons mined annually worth over $1 billion. The largest Zinc mine in the nation is Red Dog Mine in northwest Alaska.
While Australia has the largest zinc reserves worldwide, other countries with significant reserves include China, Russia, and Peru. Meanwhile, the United States has zinc reserves that are estimated at about 6.6 million metric tons.
China is the world's leading zinc producer, producing more than double the next leading producer, Peru. The world's biggest zinc mine is Rampura Agucha mine in Rajastian, India.
SUPPLY CRUNCH
Just five months later, that forecast has been slashed with mined zinc output now on track to fall by 1.4% to 12.06 million tons, it said. This will be the third straight year of sliding output with anticipated 2024 production 5.7% lower than 2021, the last year of the zinc mining boom.
Zinc is expected to trade at 3051.59 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 3244.15 in 12 months time. Zinc Futures are available for trading in The London Metal Exchange (LME).
Zinc Price is at a current level of 3004.20, down from 3105.77 last month and up from 2543.61 one year ago. This is a change of -3.27% from last month and 18.11% from one year ago.
Zochem buys scrap and surplus zinc, zinc drosses, skimmings, clean die cast, kirksite, castings, zinc anodes, zinc remelts, secondary zinc and more!