Knoema.com - zinc http://knoema.es 2022-07-22T08:07:10Z /favicon.png Knoema es su Autopista personal hacia el conocimiento Zinc Prices Forecast: Long Term 2018 to 2030 | Data and Charts //knoema.es/ftmgyvg/zinc-prices-forecast-long-term-2018-to-2030-data-and-charts 2022-07-22T08:07:10Z Misha Gusev knoema.es://knoema.es/user/1000560
Zinc Prices Forecast: Long Term 2018 to 2030 | Data and Charts

(28 June 2021) Zinc prices showed 50% growth year-over-year in May 2021, an increase to $2,965 per metric ton from $1,975 in May 2020. The increase followed a two-year decline of 45% from the ten-year high of $3,500 in 2018. The price is currently 11.5% above the 5-year moving average — a figure analysts were not expecting, since zinc demand is declining in the era of COVID-19. Several key supply and demand drivers are playing a role. The upward price drivers are as follows: Disruption of zinc concentrate supplies due to the suspension of large zinc mines as a result of the COVID-19 pandemicPersistent environmental restrictions in China and mine closures and disruptions in other countriesRecovery of zinc consumption levels in China, the US, and other countries due to rebounding construction levels. China has been implementing a number of infrastructure projects such as construction of railways, airports, and metro lines. And the downward price drivers: Transition of the world zinc market from deficit to surplus; according to investingnews estimates, the surplus of zinc in the world market in 2021 may amount to about 400 thousand tonsRecovery of mining at large zinc mines in Peru, Mexico, and Bolivia, among other countries Increase in zinc mining and production in China due to the gradual replacement and modernization of old zinc-smelting facilities in order to meet new environmental standards.  Zinc price predictions from the leading international agencies for the next few years are as follows:The World Bank in its commodity forecast report estimated that the average spot price for zinc will fall to $2,400 per metric ton (t) in 2022, down from $2,700/t at the end of 2021. After that, a slow growth period will start.The IMF's report indicated a completely different expectation: a rise from $2,828/t in the end of 2021 to $2,859 in 2022. For the following period, IMF experts expect a smooth, gradual decline. They predict the price will drop to $2,818/t by 2026.The forecast from Industry Innovation and Science Australia (IISA) is more similar to the World Bank's predictions: they expect a decrease in the zinc spot price from $2,686 at the end of 2021 to $2,362 in 2022, with further slow increase through 2026. Dive deeper into historical commodity prices from the World Bank and IMF, or explore commodity price forecasts. You can also explore a variety of other critical commodities with Knoema, including: gold | silver | copper | aluminum | nickel | zinc | coal | natural gas | crude oil   As you examine commodity prices and forecasts, you may also be interested in economic forecasts for the G20 countries across the following indicators: GDP growth | inflation | unemployment | government debt | current account balance | external debt.

Misha Gusev knoema.es://knoema.es/user/1000560