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Zinc Price in 2024

In 2024, the price of zinc averaged $2,776 per tonne, up 4.6% from the year before. This page covers the 2024 average, high, low, and year-end close, the events that moved the market, and what that zinc would be worth in today's dollars.

2024 Average

$2,776

LME annual average, USD/tonne

Change vs 2023

+4.6%

from $2,653 in 2023

2024 High

$3,191

from daily trading data

2024 Low

$2,301

from daily trading data

Year-End Close

$2,979

last trading day of 2024

What happened to the zinc price in 2024

Zinc averaged $2,776 per tonne in 2024, up 4.6% from $2,653 the year before. Daily trading data shows zinc moved between a low of $2,301 and a high of $3,191 during the year, ending 2024 at $2,979.

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 2024 average of $2,776 equals about $2,852 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 2024?
Zinc averaged $2,776 per tonne in 2024, based on World Bank and LME annual average data. Daily prices ranged from a low of $2,301 to a high of $3,191, and the year closed at $2,979. That average was up 4.6% from $2,653 in 2023.
What is a 2024 zinc price worth in today's dollars?
Adjusted with the US Consumer Price Index, zinc's 2024 average of $2,776 works out to roughly $2,852 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.