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Zinc prices grew by 11 percent in November 2017 and continued medium-term growth. Since January 2016, when the price of zinc reached a 7-year low, zinc prices have rebounded by 68 percent ending at $2,566.2 per metric ton. This level is the highest since November 2007. This rapid growth was primarily led by an agreement of producers to decrease the supply because of low prices. The closure of such deposits as Century in Australia and Lisheen in Ireland, and the reduction of the output at Rampura Agucha in India, Antamin and Iscaycruz in Peru, and at Glencore in China had a great effect. Experts estimated that deficit will be bigger than it was in 2005. But price growth will be less.
Leading international agencies made the following predictions of zinc price changes:
You can also explore with Knoema a variety of other critical commodities, including:
As you examine commodity prices and forecasts, you may also be interested in economic forecasts for the G20 countries across the following indicators: GDP growth | inflation | unemployment | government debt | current account balance | external debt.