Zinc, an elemental metal, ranks among the fundamental ore minerals globally, akin to iron, aluminum, and copper. At room temperature, it presents as a somewhat brittle substance with a silvery-grey hue once oxidation is removed. Its primary applications lie in galvanizing steel and iron components, as well as in the production of rubber and medicines. Moreover, zinc serves as a crucial nutrient sourced from various plants and animal-based foods, also available in supplement form like pills and tablets. As a trace mineral, the body demands only minute quantities, yet it stands as an essential nutrient powering nearly a hundred enzymes vital for pivotal chemical reactions. Additionally, zinc plays a pivotal role in DNA synthesis, cellular growth, protein construction, tissue repair, and bolstering the immune system. Adequate zinc intake is particularly crucial during rapid body growth phases like childhood, adolescence, and pregnancy, aiding in cellular development and proliferation. Zinc also significantly influences the senses of taste and smell.
Request for Real Time Zinc Prices: https://www.procurementresource.com/resource-center/zinc-price-trends/pricerequest
China is the largest metal zinc-producing country in the world. The second and third-biggest zinc mining countries globally are Peru and Australia, respectively. The other major zinc-producing countries worldwide are India, the United States, and Mexico.
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, 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, in substantial quantities, serves multiple purposes in various industries. Its primary use involves galvanizing other metals, like steel and iron, preventing them from rusting. Galvanized steel is crucial for constructing cars, streetlamp posts, safety barriers, and suspension bridges. Additionally, zinc plays a pivotal role in manufacturing die-castings, essential in automobile, electrical, and hardware sectors. Beyond these applications, zinc finds its way into various alloys such as brass, nickel, silver, and aluminum solder. Moreover, zinc oxide serves extensively in producing numerous commodities: paints, rubber, cosmetics, pharmaceuticals, plastics, inks, soaps, batteries, textiles, electrical equipment, and devices. Furthermore, zinc sulphide contributes to the production of luminous paints, fluorescent lights, and X-ray screens.
Key Players:
- American Elements
- The Doe Run Resources Corporation
- Korea Zinc Co., Ltd.
- Hindustan Zinc Limited
- Glencore plc
- Nexa Resources
News & Recent Development:
- March 16, 2023: Nexa Resource, a South America-based one of the five largest metallic zinc producers in the world, augmented the resource at its Aripuanã zinc and copper mine in Mato Grosso state, Brazil and extended the operation life of the mine to 14 years. It is planning to start production towards the end of this year.
About Us:
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.
Contact Us:
Company Name: Procurement Resource
Contact Person: Christeen Johnson
Email: sales@procurementresource.com
Toll Free Number: USA & Canada – Phone no: +1 307 363 1045 | UK – Phone no: +44 7537 132103 | Asia-Pacific (APAC) – Phone no: +91 1203185500
Address: 30 North Gould Street, Sheridan, WY 82801, USA