After rising over 14 per cent since the beginning of 2024, zinc prices will likely rise modestly on a tight supply outlook and forecast of improved demand. “After experiencing substantial volatility in 2023 zinc stocks have recovered, averaging around 250,000 tonnes in May 2024,” it said. World Bank outlookIn April, the World Bank said in its Commodity Outlook that zinc prices are projected to fall by 6 per cent in 2024. The usage of refined zinc metal increased by 2.5 per cent, ILZSG said. AOCE said higher zinc prices should take pressure off mine margins, easing pressure for further price-induced mine closures.

Source: The Hindu July 18, 2024 13:43 UTC