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Steel News

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Home Steel News Zinc supply & demand expected to grow by 2050
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Zinc supply & demand expected to grow by 2050

31 May 2022 15:23 reported by Joy Liu

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According to a study from the International Zinc Association (IZA), the global supply and demand for zinc was expected to keep growing in future decades.

The energy storage market will need another 2.8 million tons of zinc by 2050, and the total global zinc production was expected to increase from 2019’s 10.5 million tons to 28 million tons in 2050.

To meet the demand for zinc in 2050, the global supply of zinc was expected to increase to 17-22 million tons by 2050 if the recycling technology is good enough then.

On the other hand, whether zinc will be used in more sectors in the future will also affect the future demand for zinc demand.

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Metal Price Index

  • Created with Highcharts 4.0.41. Jun1. Jul1. Aug14,50015,00015,50016,000
  • Created with Highcharts 4.0.41. Jun1. Jul1. Aug2600270028002500
  • Created with Highcharts 4.0.41. Jun1. Jul1. Aug23002400250026002700
  • Created with Highcharts 4.0.41. Jun1. Jul1. Aug900092509500975010,00010,250
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LME Official Bid Price

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