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Request for Real Time Zinc Prices: https://www.procurementresource.com/resource-center/zinc-price-trends/pricerequest
Zinc is an element with the atomic number 30 and is denoted by Zn. It is a slightly brittle metal that, after the oxidation is removed and is held at room temperature, zinc appears silver-grey in colour. The atomic mass is 65.38 u and its atomic number is 30. The electronic configuration of zinc is [Ar] 3d¹⁰4s² and its melting point is 419.5 °C.
All living things, including people, animals, plants, and microorganisms, require zinc as a trace element. It is also the only metal that is present in all enzyme groups and the second-most frequent trace element in the human body. Meat, poultry, and shellfish also contain significant amounts of zinc.
China is the world’s greatest producer of zinc, accounting for 4.2 million tonnes, or 35% of the total quantity produced globally. Furthermore, it is followed by other countries like Australia, Peru, India, the United States, Mexico, and Bolivia.
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 forecast, chart, 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 metal prevents iron and steel from corroding. It is also used as an additive with other metals and for die-casting in various shapes, such as door knobs, in the automotive, electrical, and hardware sectors.
By mixing copper and zinc, or by composing copper and zinc together, brass can be created. Zinc can also be used to create bronze by mixing it with copper, and tin.
In addition, zine can be transformed into zinc oxide, which is used as a component in skin care products, the production of tyres, and fertilisers to boost crop yields.
Key Market Players:
- American Elements
- The Doe Run Resources Corporation
- Korea Zinc Co., Ltd.
- Hindustan Zinc Limited
- Glencore plc
- Nexa Resources
News and Events:
- January 03, 2023: Hindustan Zinc saw a 3.3% increase in share price on January 03, 2023, after the company reported that its output of mined metal increased just 1%, to 2,54,000 tonnes, in the third quarter of the current fiscal year. Higher ore output and lower quarter-on-quarter mined metal grades were the main factors driving the production of mined metal.
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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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