Zinc set to lose its shine

After climbing to multi-year highs in May, the zinc price has stayed strong, with much less volatility than its counterparts. However, we feel weaker economic growth in China and US tapering of monetary policy will work in tandem with the ongoing recovery in supply to push prices lower by end-year.
Continue reading

More from Metals

Precious Metals Update

Dim outlook for the silver price

We think that weaker physical demand, higher real US Treasury yields and a stronger dollar will mean that the recent poor performance of the silver price is set to continue over the next couple of years.

7 October 2021

Industrial Metals Update

Nickel market set to remain oversupplied

We believe that current high nickel prices will prove short lived, and expect weaker economic growth in China and the tapering of US monetary policy support to depress demand for nickel and pull down its price by the end of the year.

28 September 2021

Metals Data Response

Global Steel Production (Aug.)

Despite high prices, global steel output contracted in August. And given that the authorities in China are proactively encouraging lower output there, further falls in the coming months appear likely.

23 September 2021

More from Luke Nickels

Industrial Metals Update

Cooling Chinese growth to weigh on metal prices

China’s latest activity data are further evidence of a slowdown in its economy. This aligns with our view that industrial metals demand will soften in the year ahead, putting downward pressure on prices.

18 August 2021
↑ Back to top