Zinc Prices Today, Price Chart and Forecast Analysis | Procurement Resource

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Zinc (Zn) is a metallic element extracted from sulfide sphalerite mineral ore and is situated on the periodic table with an atomic number of 30. Naturally occurring in the human body, zinc is an essential component of red blood cells. With melting and boiling points at approximately 420°C and 907°C, respectively, zinc presents as a whitish-blue metal that tarnishes upon exposure to moist air and readily combusts in the presence of air to produce zinc oxide.

Displaying reactivity, zinc readily forms compounds when interacting with other metallic elements. It finds widespread commercial application, particularly in the galvanization of steel and iron to counteract corrosion. Additionally, zinc plays a crucial role in the large-scale production of various alloys.

India, Vietnam, and the United States are prominent importers of zinc, while China, India, and Germany are key exporting nations.

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Key Details About the Zinc Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Zinc price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.

The Zinc Price chart, including India Zinc price, USA Zinc price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Zinc Price Trend:

Zinc, a highly reactive metal, readily engages in reactions with other metals, leading to the formation of compounds and alloys produced in significant quantities. Serving as the foundational element for generating Zinc oxide through its reaction with oxygen, Zinc finds widespread application in various industries.

One notable use is in roofing materials, where Zinc proves effective in preventing corrosion, making it an excellent choice for roof manufacturing. The metal also plays a crucial role in the production of oil-based paints within petroleum and paint manufacturing facilities.

Moreover, Zinc oxide serves as an additive in the manufacturing of rubber, particularly in the production of vehicle tires. Its extensive use extends to metal casting industries, where it is combined with other metals to create alloys utilized on a large commercial scale. Zinc is often alloyed with metals such as copper and aluminum to produce materials used in the manufacture of electrical components, electronic devices, and vehicles.

Key Players:

  • American Elements
  • The Doe Run Resources Corporation
  • Korea Zinc Co., Ltd.
  • Hindustan Zinc Limited
  • Glencore plc
  • Nexa Resources

News & Recent Development

  • Date: March 24, 2023-The latest dividend announcement has stated that Hindustan Zinc will close with a divided sum of around 75.5 Rupees per share FY23.

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Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.

We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.

To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.

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