Zinc prices hit historical high

On Monday, October 30, zinc prices recorded a historical high of over $4,200 per ton on the London Metal Exchange since the metal was first traded in 1915. Growing demand from the auto and construction sectors has increased use of zinc in galvanized steel, while the supply of the metal has been scarce due to the problem of under-investment in the industry. Many zinc producers believe that it will take at least 2 years to increase zinc production. Until then, the only variable that can change is the zinc price, which is expected to climb further.