XAU
---.--
--.--
•
XAG
---.--
--.--
•
XPT
---.--
--.--
•
XPD
---.--
--.--
•
HG
---.--
--.--
•
ALI
---.--
--.--
•
NI
---.--
--.--
•
ZN
---.--
--.--
•
PB
---.--
--.--
•
SN
---.--
--.--
•
JBP
---.--
--.--
•
LC
---.--
--.--
•
UXA
---.--
--.--
•
XAU
---.--
--.--
•
XAG
---.--
--.--
•
XPT
---.--
--.--
•
XPD
---.--
--.--
•
HG
---.--
--.--
•
ALI
---.--
--.--
•
NI
---.--
--.--
•
ZN
---.--
--.--
•
PB
---.--
--.--
•
SN
---.--
--.--
•
JBP
---.--
--.--
•
LC
---.--
--.--
•
UXA
---.--
--.--
•

Zinc Price in 2023

In 2023, the price of zinc averaged $2,653 per tonne, down 23.8% from the year before. This page covers the 2023 average, high, low, and year-end close, the events that moved the market, and what that zinc would be worth in today's dollars.

2023 Average

$2,653

LME annual average, USD/tonne

Change vs 2022

-23.8%

from $3,481 in 2022

2023 High

$3,490

from daily trading data

2023 Low

$2,045

from daily trading data

Year-End Close

$2,658

last trading day of 2023

What happened to the zinc price in 2023

Zinc averaged $2,653 per tonne in 2023, sliding 23.8% from the $3,481 average of 2022. Daily trading data shows zinc moved between a low of $2,045 and a high of $3,490 during the year, ending 2023 at $2,658.

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 2023 average of $2,653 equals about $2,806 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 2023?
Zinc averaged $2,653 per tonne in 2023, based on World Bank and LME annual average data. Daily prices ranged from a low of $2,045 to a high of $3,490, and the year closed at $2,658. That average was down 23.8% from $3,481 in 2022.
What is a 2023 zinc price worth in today's dollars?
Adjusted with the US Consumer Price Index, zinc's 2023 average of $2,653 works out to roughly $2,806 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.

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.