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Zinc Outlook

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Expert zinc market insights

Our quarterly zinc outlook is published in our Quarterly Metals Report, which covers base, precious and ferrous metals. The impact of supply and demand fundamentals and macroeconomic implications for the zinc futures and spot prices are analysed. Our research team produce a zinc price range forecast as part of the report.

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Latest

Zinc Outlook – Q4 2026

Zinc remains supported by a deepening concentrate shortage, record-low treatment charges and renewed tightness in London availability, with rising warrant cancellations leaving nearby spreads vulnerable to further tightening. We expect zinc to remain elevated but volatile into year-end, with support around $3,500/t and resistance near $4,000/t.

Metals

Our latest Quarterly Metals Report looks at the key themes shaping metals markets into year-end and early 2027. We assess the impact of geopolitical tensions, elevated energy costs, monetary policy and shifting trade flows, alongside our outlook for individual base and precious metals. The report also explores the supply, inventory and demand dynamics driving increasing divergence across the complex.
Quarterly Metals Report

Quarterly Metals Report Archive

Zinc Outlook – Q3 2026
Zinc Outlook – Q2 2026
Zinc Outlook – Q1 2026
Zinc Outlook – Q4 2025
Zinc Outlook – Q3 2025
Zinc Outlook – Q2 2025
Zinc Outlook – Q1 2025
Zinc Outlook – Q4 2024

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