Zinc hovered near $3,500 per tonne, holding its rebound from a seven-week low amid tight supply conditions. Glencore’s Kazzinc facility in Kazakhstan continues to operate at reduced rates after an explosion, while Nexa’s Cajamarquilla smelter in Peru is recovering from fire-related damage. A seismic event at Boliden’s Garpenberg mine earlier this year has also raised concerns about lower production levels for longer. These supply constraints come as the International Lead and Zinc Study Group forecasts a refined zinc deficit of 19,000 tonnes this year. At the same time, the US-Iran peace deal eased concerns over further disruptions to global economic activity and improved the outlook for industrial demand. However, gains remained limited by a firm US dollar amid growing expectations of a US rate hike, making dollar-denominated commodities more expensive for holders of other currencies.
Zinc fell to 3,475.45 USD/T on July 2, 2026, down 0.85% from the previous day. Over the past month, Zinc's price has fallen 3.26%, but it is still 26.59% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Zinc reached an all time high of 4603 in November of 2006. Zinc - data, forecasts, historical chart - was last updated on July 2 of 2026.
Zinc fell to 3,475.45 USD/T on July 2, 2026, down 0.85% from the previous day. Over the past month, Zinc's price has fallen 3.26%, but it is still 26.59% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Zinc is expected to trade at 3612.84 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 3726.68 in 12 months time.