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The Economic Times

Zinc prices jump to near four-year high on the LME as MCX futures hit Rs 393 per kg

AI Market Summary
Zinc prices are rallying to multi-year highs as supply disruptions (notably in China), reduced miner output, and declining exchange inventories tighten refined availability. ILZSG forecasts a small 2026 deficit (demand ~14.0mt vs production ~13.99mt), reinforcing a structurally tight balance. Elevated zinc costs can raise galvanized steel input prices, pressuring construction and manufacturing margins and increasing sensitivity to further supply shocks.
Impact level
● Medium
Affected assets
NCCOZINC2USD/USDT+0.00%
AI Insight · NCCOZINC2USD/USDTAI Insight
▲ Bullish
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Zinc prices have surged, with LME zinc reaching its highest level in nearly four years and MCX zinc futures touching a record high. Around 50-60% of global zinc consumption goes into galvanizing steel. The International Lead and Zinc Study Group (ILZSG) forecasts global refined zinc demand of about 14 million tonnes in 2026 versus projected production of around 13.99 million tonnes, implying an approximately 19,000-tonne deficit.
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