Zinc demand remains resilient with galvanizing representing ~50% of global consumption. Infrastructure spending in developed and emerging markets drives steady demand for galvanized steel.
Chinese demand has stabilized through Q2 2026, with infrastructure stimulus offsetting property sector weakness. Grid and renewable energy investments support galvanized steel consumption.
Automotive demand for zinc in galvanized body panels posted ~2% YoY growth, supported by steady North American and European vehicle production.
Renewable energy installations, particularly solar mounting structures and wind towers, have emerged as meaningful demand drivers.
Zinc demand fundamentals remain supportive of elevated prices despite improving mine supply. Galvanizing's inelastic demand provides a market floor.
Zinc demand fundamentals remain supportive of elevated prices despite improving mine supply. Galvanizing's inelastic demand provides a market floor.