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Zinc Price in 2022

In 2022, the price of zinc averaged $3,481 per tonne, up 15.9% from the year before. This page covers the 2022 average, high, low, and year-end close, the events that moved the market, and what that zinc would be worth in today's dollars.

2022 Average

$3,481

LME annual average, USD/tonne

Change vs 2021

+15.9%

from $3,003 in 2021

What happened to the zinc price in 2022

Zinc averaged $3,481 per tonne in 2022, climbing 15.9% from the $3,003 average of 2021. The notable development of 2022: Record annual average; European energy crisis / Ukraine war; intraday peak ~$4,900 in Mar.

A COVID dip near $2,270 gave way to an energy-crisis spike to a record annual average around $3,480 in 2022, as European smelters cut output, before easing back toward $2,800.

Adjusted for inflation, zinc's 2022 average of $3,481 equals about $3,833 in today's dollars. The conversion uses US Bureau of Labor Statistics CPI-U annual averages, so treat it as a close approximation rather than an exact figure.

Frequently Asked Questions

What was the price of zinc in 2022?
Zinc averaged $3,481 per tonne in 2022, based on World Bank and LME annual average data. That average was up 15.9% from $3,003 in 2021.
What is a 2022 zinc price worth in today's dollars?
Adjusted with the US Consumer Price Index, zinc's 2022 average of $3,481 works out to roughly $3,833 in today's dollars, using 2025 as the CPI base year. The conversion uses BLS CPI-U annual averages, so treat it as a close approximation rather than an exact figure.
What moved the zinc price in 2022?
The defining story of 2022: Record annual average; European energy crisis / Ukraine war; intraday peak ~$4,900 in Mar. Against that backdrop, the annual average climbed 15.9%, from $3,003 in 2021 to $3,481.

Annual averages are World Bank and LME zinc prices per tonne in US dollars (LME cash and settlement basis). The 2025 figure is preliminary. Where daily data exists, the per-year high, low, and close come from MetalCharts historical data. Inflation adjustments use BLS CPI-U annual averages.