PRESS ROOM
Zinc prices rise on expectations of supply tightness
Friday 19th August '22
Despite headwinds from recessionary fears, zinc prices have bounced back strongly since the second half of July. Zinc production is an energy intensive process and with Europe facing a tight energy market this coming winter, it is expected that several European zinc smelters will cut production. The zinc futures curve is in backwardation (higher spot prices than futures prices) reflecting this expected tightness.