Zinc futures in the UK fell to $3,300 per tonne from the three-year high of $3,430, tracking the pullback in base metals as a rebound in the dollar drove investors to reconsider their speculative positions in metals. Still, pressure on global refining capacity maintained supply pressures for zinc. Refined zinc production was on track to fall 2% last year, per the latest data, despite the 6.3% jump in mined output, consistent with output curbs among smelters in Kazakhstan and Japan, with the latter being pressured by the closure of the key Toho Zinc Annaka plant. Likewise, treatment charges for zinc rose toward $100 per ton after being negative $115 in the end of last year, according to private surveys. Consequently, stocks at the LME sank to 110 thousand tonnes, compared to 230.5 thousand tonnes at the start of last year, after their near depletion of at the start of the fourth quarter. Base metals also received support from the electrification push and datacenter investments.
Zinc rose to 3,360.50 USD/T on February 3, 2026, up 1.18% from the previous day. Over the past month, Zinc's price has risen 4.79%, and is up 19.44% compared to the same time last year, 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 February 3 of 2026.
Zinc rose to 3,360.50 USD/T on February 3, 2026, up 1.18% from the previous day. Over the past month, Zinc's price has risen 4.79%, and is up 19.44% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Zinc is expected to trade at 3427.67 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 3606.07 in 12 months time.