Kirill Chernovol, Researcher at the Gaidar Institute's International Best Practices Analysis Department, commented for Prime magazine, in which he assessed zinc price fluctuations until the end of the year. According to the expert, the key factor will be the expected surplus of metal on the world market.
"If we look at the London Metal Exchange and futures prices on the Moscow Exchange, the 30-day moving average is around $2,981 per ton, with current exchange prices slightly higher, while a surplus is expected in the global zinc market. This suggests that zinc prices will fluctuate between $2,900 and $3,200 per ton until the end of the year. If the geopolitical situation, trade wars, etc. disrupt or lengthen supply chains, or if there are problems in the manufacturing industry, the price will rise. If this does not happen and the expected ILZSG surplus occurs, the price will go down,“ said Kirill Chernovol.