Zinc Ingot Price Trend

Zinc Ingot Price Trend and Forecast

Track the latest insights on zinc ingot price trend and forecast with detailed analysis of regional fluctuations and market dynamics across North America, Latin America, Central Europe, Western Europe, Eastern Europe, Middle East, North Africa, West Africa, Central and Southern Africa, Central Asia, Southeast Asia, South Asia, East Asia, and Oceania.

Zinc Ingot Prices Outlook Q2 2025

• USA: US$ 3445/MT
• China: US$ 3125/MT
• Germany: US$ 3367/MT
• South Korea: US$ 3406/MT
• Indonesia: US$ 3363/MT

Zinc Ingot Price Chart

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During the second quarter of 2025, the zinc ingot prices in the USA reached 3445 USD/MT in June. As per the zinc ingot price chart, the market faced persistent supply challenges, exacerbated by logistical issues, particularly stemming from winter storms. These storms disrupted transportation networks, delaying the delivery of raw materials to smelters and affecting the availability of zinc ingots. Besides, the steady demand from industries like galvanized steel production and manufacturing provided a stable foundation for zinc ingot prices.

During the second quarter of 2025, the zinc ingot prices in China reached 3125 USD/MT in June. Although supply from China remained stable, it created a drag on the market, leading to price declines despite steady production. This excess was exacerbated by cautious trader sentiment, reluctant to commit to purchases due to uncertainties around future demand. Moreover, rising freight rates and energy price fluctuations also influenced production costs.

During the second quarter of 2025, zinc ingot prices in Germany reached 3367 USD/MT in June. Zinc ingot production costs saw volatility, primarily driven by high energy prices and economic uncertainty. Rising energy costs made production more expensive, while ongoing economic instability contributed to price fluctuations. This added complexity to price trends, as manufacturers faced rising costs while market conditions remained uncertain.

During the second quarter of 2025, the zinc ingot prices in South Korea reached 3406 USD/MT in June. The recovery in South Korea’s primary sectors contributed to a sense of stability and gradual price improvement. Additionally, elevated import volumes of zinc into South Korea, signaling healthier demand from the domestic market, further supported this upward movement.

During the second quarter of 2025, the zinc ingot prices in Indonesia reached 3363 USD/MT in June. The recovery of prices toward the end of the quarter was largely driven by tightening inventories on the London Metal Exchange (LME), coupled with improved zinc ingot import volumes into Indonesia. With lower inventories, market sentiment shifted, creating upward pressure on prices as traders anticipated tighter supply, which naturally led to price stabilization or recovery.

Zinc Ingot Prices Outlook Q3 2024

• United States: US$ 3450/MT
• South Korea: US$ 3150/MT
• Germany: US$ 3670/MT

The zinc ingot prices in the United States for Q3 2024 reached 3450 USD/MT in September. The region saw notable fluctuations in zinc ingot prices throughout the quarter, primarily influenced by the limited availability of zinc ingots and ongoing supply chain challenges. These factors, coupled with consistent demand from critical sectors, have kept prices on an upward trajectory, emphasizing the market's sensitivity to supply-demand dynamics.

The price trend for zinc ingot in South Korea for Q3 2024 settled at 3150 USD/MT in September. The market has been particularly resilient, with prices rising significantly due to robust production amidst ownership uncertainties and a varied demand landscape. The market's strength was supported by a strong performance in sectors like housing and galvanizing, despite regulatory shifts impacting lending practices.

In Germany, the zinc ingot prices for Q3 2024 reached 3670 USD/MT in September. The market experienced considerable price increases, driven by supply limitations and strong requirement from the manufacturing and construction sectors. Besides, the price trends in Germany reflect a broader European pattern of tightening supplies and vigorous demand, leading to a steadily rising market environment across the country.

Zinc Ingot Prices Outlook Q2 2024

• United States: US$ 3340/MT
• China: US$ 1737/MT
• Germany: US$ 2840/MT

The zinc ingot prices in the United States for Q2 2024 reached 3340 USD/MT in June. The market in Q2 2024 faced noticeable price fluctuations, with sharp increases reflecting significant regional trends. Supply constraints combined with steady industrial demand created a challenging environment. Seasonality also contributed to market dynamics, with prices rising due to partial supply and steady consumption, especially within the automotive and construction sectors. This environment underscored strong market resilience and a positive outlook through strategic industry responses.

The price trend for zinc ingot in China for Q2 2024 settled at 1737 USD/MT in June. The market faced rising prices influenced by supply chain constraints and increased industrial demand. Moreover, reduced zinc trade and a tighter raw material market pushed prices higher. The region's pricing trends were shaped by active industrial sectors, highlighting a positive sentiment and steady growth in market demand.

In Germany, the zinc ingot prices for Q2 2024 reached 2840 USD/MT in June. The market saw significant price shifts, with notable increases in the latter part of the quarter. Strong demand from the industrial and automotive industries, along with calculated stockpiling and supply chain disruptions, contributed to this trend. The overall positive market sentiment was fueled by consistent industrial needs and supply limitations, positioning Germany as a key player in Europe’s zinc pricing dynamics during this period.

Zinc Ingot Prices Outlook Q4 2023

• Japan: US$ 2733/MT
• Germany: US$ 3861/MT

The zinc ingot prices in Japan for Q4 2023 reached 2733 USD/MT (Zinc Ingot (SHG-99% Pure)) in December. Japan's stable economy, supported by long-term energy contracts and relatively low hike in prices, cushioned the domestic market from more severe fluctuations. Heightened consumption from battery manufacturers, who were increasingly interested in alternatives associated with zinc to Lithium-ion technology, also helped maintain price levels. Fears of supply shortages grew due to scarcities in key trading routes, such as the Panama Canal and Red Sea. Despite these challenges, the Japanese zinc ingot market remained relatively stable through the quarter.

The price trend for zinc ingot in Germany for Q4 2023, reached 3861 USD/MT (99.9%) in December. Germany saw a downward trend due to reduced product adoption from major sectors amidst a challenging economic environment. Early in the quarter, prices dropped as both regional and international mining regions reported surplus supply and heightened extraction rates. Economic struggles, marked by persistent hike in prices and a downturn in production, weakened demand, particularly in the construction and automotive sectors.

Regional Coverage

The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing the zinc ingot prices.

Global Zinc Ingot Price Trend

The report offers a holistic view of the global zinc ingot pricing trends in the form of zinc ingot price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price levels but also provides insights into historical price of zinc ingot, enabling stakeholders to understand past fluctuations and their underlying causes. The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed zinc ingot demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Zinc Ingot Price Trend

Q2 2025:

Zinc ingot prices in Europe were primarily impacted by the dynamics between supply and demand, with external economic factors amplifying this influence. The initial price decline in early April was driven by weak demand from two significant industries, construction and automotive, which traditionally represent major consumers of zinc. The construction sector's continued struggles, marked by record-low orders, exacerbated this dip. In parallel, the automotive sector was also underperforming, with weaker production numbers not absorbing the available zinc supply. The production costs remained volatile, primarily influenced by high energy prices. As energy costs constitute a significant portion of zinc production expenses, fluctuations in these costs kept the production cost trend unstable.

Q3 2024:

The zinc ingot market in Europe reported a marked price increase in the third quarter of 2024, influenced by a complex set of factors including supply disruptions and fluctuating demand across key sectors such as construction and manufacturing. The region grappled with production cuts and a constriction of the raw substance supply, which were significant suppliers to the supply challenges. Demand remained variable, impacting pricing trends and leading to a general rise in market prices throughout the quarter. The situation in Germany mirrored the regional trend, with noteworthy cost fluctuations evident throughout the period, reinforcing the ongoing upward trajectory in prices due to these combined influences.

Q2 2024:

During Q2 2024, the market in Europe exhibited upward pricing momentum fueled by a combination of factors. Global price increases and increased requirements from important sectors like electrical and automotive contributed significantly to price increases. This trend was supported by the expansion of the electric car market and an increased demand for corrosion-resistant goods. Supply strain was increased by international factors including logistics difficulties and bans on Russian metal shipments. The biggest price changes were seen in Germany, particularly in Q2 of 2024, which was indicative of strategic hoarding and high demand in the face of persistent supply issues.

Q4 2023:

In Q4 2023, zinc ingot prices in Germany saw a downward trend due to reduced consumption from key sectors amidst a challenging economic environment. Early in the quarter, prices dropped as both regional and international mining regions reported surplus supply and heightened rates of extraction. Economic struggles, marked by persistent hike in prices and a downturn in production, weakened demand, particularly in the construction and automotive sectors. The elimination of grants regarding EVs and reduced housing market activity further dampened buyer interest. As winter continued to impact production, and risks in supply remained on account of scarcities in major trade routes, zinc ingot rates saw a gradual decline, stabilizing towards the end of the year.

This analysis can be extended to include detailed zinc ingot price information for a comprehensive list of countries.

North America Zinc Ingot Price Trend

Q2 2025:

As evident by the zinc ingot price index, early in April 2025, the US experienced continued supply constraints, driven in part by lingering effects of winter storms. These storms led to significant logistical bottlenecks, which slowed down the transportation of raw materials, including zinc ore and finished ingots. Delays in the movement of goods directly contributed to an imbalance in supply, which helped drive prices higher as buyers competed for available stocks.

Q3 2024:

In the third quarter of 2024, North America experienced a significant rise in zinc ingot prices, driven primarily by distribution chain disturbances that led to a scarcity of available zinc ingots. Moreover, the price hike has been further compounded by logistical hurdles, such as delays in transportation and shortages of raw materials, which have intensified supply-side limitations. Despite these challenges, strong demand from essential industries such as construction has persisted, helping to sustain high prices. This period has been marked by an enduring trend of rising costs, underpinned by constrained supply and robust demand.

Q2 2024:

The market witnessed a notable price increase due to supply chain limitations and rising demand in North America in Q2 2024. Increased logistical problems, higher transportation costs, and supply unpredictability in the face of global international crises characterized this era. These factors combined to create a complicated market environment with significant demand from sectors like automotive and construction. Price volatility was especially noticeable in the USA, suggesting strong market sentiment fueled by supply constraints and seasonality. An optimistic picture for stakeholders was reinforced by the cumulative trends over the quarter, which indicated a further price increase.

Q4 2023:

During the Q4 2023, zinc ingot prices in the US spot market mostly increased. The quarter began with a dip in prices in October, driven by a surplus in manufacturing, following a rise in Zinc extraction by Nexa Resources. This uptick in mining output significantly influenced Zinc Ingot prices, contributing to the initial downward trend. As winter set in, however, harsh weather conditions disrupted trade and reduced rates of extraction, tightening the supply of Zinc Ingot. Additionally, ongoing drought issues at the Panama Canal and security threats from Houthi rebels heightened concerns among buyers regarding shipping. Meanwhile, the construction sector showed little enthusiasm for bulk purchases, preferring minimal orders due to the winter slowdown and holiday season, which led to overall higher zinc ingot prices by the end of the year.

Specific zinc ingot historical data within the United States and Canada can also be provided.

Middle East and Africa Zinc Ingot Price Trend

Q2 2025:

The report explores the zinc ingot trends and zinc ingot chart in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

The report explores the zinc ingot pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on zinc ingot prices for countries can also be provided.

Asia Pacific Zinc Ingot Price Trend

Q2 2025:

In Q2 2025, several factors influenced the prices of zinc ingots in the Asia-Pacific region. Initially, zinc prices dropped as April arrived, driven by weak post-holiday manufacturing activity and lower vehicle sales, which reduced demand in key sectors like automotive and construction. The falling vehicle sales led to less demand for zinc in the production of parts and coatings, while slower manufacturing across various industries further compounded the pressure on prices. On the supply side, soft freight costs across intra-Asia routes provided some relief but also reflected subdued demand across the region, signaling a lack of urgency among manufacturers and traders. This period saw excess inventories in the market, largely due to slowdowns from the holiday season and cautious sentiment among traders. As a result, even though there were stable supply flows from major producers like China and South Korea, the market was burdened with excess stock, which kept prices low.

Q3 2024:

The market for zinc ingots underwent significant changes during the Q3 of 2024 in the Asia Pacific region, especially in South Korea. Despite experiencing considerable supply chain uncertainty as a result of ownership issues, the quarter was marked by strong output levels from key enterprises. Demand trends changed over the quarter, with the aerospace and infrastructure industries showing the strongest initial growth, followed by a slowdown in the construction and automotive sectors, and then a recovery in the galvanizing and housing industries. The market was also impacted by regulatory changes to mortgage laws, which further complicated the dynamics of demand. The region's zinc ingot prices continued to rise due to the many ways these factors interacted.

Q2 2024:

The Asia Pacific region in Q2 2024 recorded a steady climb in product costs, driven by a mix of supply limitations and increasing manufacturing demand. Production challenges and a tightening raw material market, paired with strong needs from the construction and automotive industries, propelled prices higher. The decrease in zinc imports affected this trend, amplifying price pressures. Japan notably experienced considerable price changes, showcasing a robust market characterized by seasonal production upticks and growing demand. The consistent price growth through the quarter highlighted a favorable market outlook, underscored by strategic market adjustments and persistent industrial demand.

Q4 2023:

By the closure of 2023, the zinc ingot market in Japan displayed stability, despite global economic uncertainties and an earlier drop in prices. In October, zinc ingot prices fell as worldwide excess supplies and higher extraction rates dominated. However, Japan's stable economy, supported by long-term energy contracts and relatively low inflation, cushioned the domestic market from more severe fluctuations. Heightened consumption from battery manufacturers, who were increasingly interested in Zinc-based alternatives to Lithium-ion technology, also helped maintain price levels. Fears of supply shortages grew due to disruptions in key trading routes, such as the Panama Canal and Red Sea. Despite these challenges, the Japanese zinc ingot market remained relatively stable through the quarter.

This zinc ingot price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Zinc Ingot Price Trend

Q2 2025:

Latin America's zinc ingot market is predominantly influenced by its rich natural reserves, particularly in countries like Chile and Brazil. However, political instability and inconsistent regulatory frameworks can lead to significant volatility in zinc ingot prices. Infrastructure challenges and logistical inefficiencies often impact the supply chain, affecting the region's ability to meet international demand consistently. Moreover, the zinc ingot price index, economic fluctuations, and currency devaluation are critical factors that need to be considered when analyzing zinc ingot pricing trends in this region.

The analysis of zinc ingot prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Zinc Ingot Price Trend, Market Analysis, and News

IMARC's latest publication, “Zinc Ingot Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” presents a detailed examination of the zinc ingot market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of zinc ingot at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents detailed zinc ingot prices trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting zinc ingot pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.

Zinc Ingot Market Analysis

The global zinc ingot market size reached 11.94 Million Tonnes in 2024. By 2033, IMARC Group expects the market to reach 15.44 Million Tonnes, at a projected CAGR of 2.76% during 2025-2033.

• The growing utilization of zinc ingots among numerous industries is propelling market growth. Additionally, refined zinc is utilized to produce zinc ingots through a process called casting. In this process, the refined zinc is melted in a furnace and then poured into molds to cool and solidify, forming ingots of standardized shapes and sizes These zinc ingots serve as a crucial raw material in galvanizing steel to protect it from corrosion.Hence the increasing steel production is propelling the market. According to American Iron and Steel Instritutre, in the week ending on April 13, 2024, domestic raw steel production was 1,726,000 net tons in America while the capability utilization rate was 77.7 percent. Moreover, these ingots are used in manufacturing alloys such as brass and bronze, producing zinc oxide for rubber and ceramic industries, and creating zinc-based batteries. Additionally, they are employed in die casting, pharmaceuticals, and electronics due to their excellent properties like corrosion resistance and electrical conductivity.
• Zinc is utilized in various applications within the renewable energy sector, most notably in batteries and as a component in solar panel frames and infrastructure. For instance, zinc-air batteries are gaining traction as an efficient storage solution for solar energy due to their high energy density, safety, and cost-effectiveness compared to other metal-air batteries, which is accelerating the product sales rate. As per the report by IMARC GROUP, the global renewable energy market reached 892.7 Billion in 2023. The market is further forecasted to reach US$1,733.0 Billion by 2032, exhibiting a compound annual growth rate (CAGR) growth rate of 7.65% during 2024-2032. Zinc is used in the galvanization of steel frames that hold solar panels. Galvanized steel is preferred for its corrosion resistance and durability, which is crucial for the longevity of solar installations, particularly in harsh environmental conditions.
• The growing urbanization leads to the development of new residential, commercial, and industrial spaces, and various infrastructures such as roads, bridges, and utilities. These construction projects are major consumers of zinc ingot such as galvanized steel, which is used for structural purposes due to its corrosion resistance. According to the U.S. Census Bureau, the urban population increased by 6.4% between 2010 and 2020 which accounts for 80.0% of the U.S. population. For instance, New York Jersey City Newark (NY-NJ) represents 19,426,449 individuals in the most populous urban areas across the country. As urban populations grow, the growing demand for housing is escalating the demand for zinc-coated roofing, siding, and other building components.

Zinc Ingot News

The report covers the latest developments, updates, and trends impacting the global zinc ingot industry, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in zinc ingot production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the zinc ingot price trend.

Latest developments in the zinc ingot industry:

• In February 2024, Reazn S.A received first prize for the zinc category at the European Die Casting Competition 2024, and the 5th Great Place to Work award.

Product Description

A zinc ingot refers to a solid, rectangular block of pure zinc metal typically manufactured through a process called electrolysis. Zinc ingots are an essential commodity in various industries, including construction, automotive, and electronics. They serve as a primary raw material for manufacturing numerous products such as galvanized steel, zinc alloys, and electronic components. One of the key characteristics of zinc ingots is their high corrosion resistance, making them ideal for coating steel structures to protect against rust and corrosion. Additionally, zinc ingots are known for their malleability and ductility, allowing them to be easily shaped and formed into different products through processes like casting and extrusion. Consequently, zinc ingots are essential in modern manufacturing processes, contributing to the production of durable and long-lasting materials used in construction, transportation, and electronic devices.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of zinc ingot pricing, covering global and regional trends, spot prices at key ports, and a breakdown of ex-works, FOB, and CIF prices.
• The study examines factors affecting zinc ingot price trend, including supply-demand shifts and geopolitical impacts, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The zinc ingot price charts ensure our clients remain at the forefront of the industry.