Zinc futures climbed above $2,890 per tonne in early September, marking a fifth straight session of gains and reaching its highest level since March 28th. The rally was driven by broad strength in base metals, supported by a weaker US dollar and growing expectations of production cuts by Chinese miners and refiners. Industrial metals rose in global exchanges after the Fed paved the way for a rate cut in its upcoming September meeting, improving credit conditions in major economies and weakening the dollar, supporting commodities priced in the greenback. This coincided with bets that output in China could decline as Beijing pledged to reduce capacity in metal markets to combat the country's deflationary momentum. Earlier in the year, Teck Resources' Red Dog mine posted a 20% drop in Q1 output, while Nyrstar announced a 25% annual cut. The developments were consistent with lower inventories in LME warehouses, which dropped by 130,000 tonnes since the start of the year to 42,000 tonnes.
Zinc rose to 2,863.60 USD/T on September 5, 2025, up 0.85% from the previous day. Over the past month, Zinc's price has risen 2.42%, and is up 5.38% 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 September 7 of 2025.
Zinc rose to 2,863.60 USD/T on September 5, 2025, up 0.85% from the previous day. Over the past month, Zinc's price has risen 2.42%, and is up 5.38% 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 2914.57 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 3072.93 in 12 months time.