Metals

Zinc prices to weaken again in 2019

Metals Watch
Written by Capital Economics Economist

In recent days, the price of zinc has rebounded a little after plummeting over the summer. In this Metals Watch we will discuss why we think that any rally will prove short-lived. A slew of new mines and restarts, coupled with weak demand from China’s galvanising steel sector, will cause zinc prices to sustain a further fall of around 10% to $2,300 per tonne at end-2019.