From 2013 to 2015, zinc was in a bit of a deficit, but thanks to China — which is currently producing more than it is consuming in terms of this base metal — zinc supply has now outpaced its demand. Like the other industrial metals we cover, zinc is regarded to be in the “buy only as needed” camp.
For 2016, we’ve identified the main zinc price drivers as:
- China GDP & PMI Data
- China zinc production
- Dollar to Euro exchange rate
- China imports of refined zinc
For a long-term industrial buying strategy for zinc, complete with specific support and resistance levels, download your complimentary copy of our 2016 Annual Metals Outlook report!
This report also includes commodities markets and industrial metals market analysis, in addition to key price drivers and commentary on aluminum, nickel, lead, copper, tin and various forms of steel, in addition to zinc.