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Energy transition to accelerate zinc demand growth

8 Jun 2023 17:13 reported by Iona Chen

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According to the report, Nyrstar NV (Nyrstar) is an integrated metals and mining company in Europe; currently, they explained that the global demand for zinc will be increased by 20% by 2030. The metal market is susceptible to market instability, economic shocks, and political risks. Among them, Australia is a major supplier of zinc, particularly as an important supplier in mineral and metal production.

Some market participants said that the trend of the global energy transition would be accelerated zinc demand growth, especially used in wind power generation, solar power generation, and electric vehicle applications. In addition, the technical development of zinc batteries probably explores the potential market of zinc demand. They estimated that the annual average production of zinc gradually rose by 2%, which growth production mainly coming from Russia, Kazakhstan, Congo, and South Africa.

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