Zinc Mining Market Analysis by Reserves, Production, Assets, Demand Drivers and Forecast to 2030
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Zinc Mining Market Report Overview
The zinc production increased for the third year in a row to 12.26 million tonnes (mt) in 2023 with China, Peru, Australia, India, and the US being the key contributors. Global zinc production was impacted by operational disruptions as well as low zinc prices in 2023. However, the zinc production output is expected to grow by 2.0% in 2024, but will relatively remain relatively flat in 2025, with a CAGR of less than 1% during the forecast period. Expected lower production from China and the US Growth might result in this steady growth. Globally, more than half of the zinc output was used for galvanization in 2023, which is used in automobiles, industrial, construction, and infrastructure.
Zinc Mining Market Outlook, 2023 – 2030 (Mt)
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The zinc mining market research report provides detailed historical and forecast period data on the global zinc industry. It provides a complete view of the zinc reserves globally, with a breakdown of key zinc mining countries and the prevailing Zinc prices in those countries. It also analyzes the competitive business landscape, highlighting company profiles of a few of the major market participants. Furthermore, the report sheds light on the major active mines, as well as upcoming development and exploration projects by region.
Forecast Period | 2023-2030 |
Historical Period | 2011-2022 |
Key Countries | · China
· Peru · Australia · India · US |
Active Mines | · Red Dog Mines
· Rampura Agucha Mine · Antamina Mine · Mount Isa Zinc Mine · McArthur River Mine |
Development Projects | · Ozernoe Mine, Russia
· Kipushi project, Democratic Republic of the Congo · Prieska Project, South Africa · Corani Project, Peru · Bunker Hill Project, US |
Exploration Projects | · Storsjon Project
· Antakori Project · Simkar Project · Bornite Project · KSL Project · Khartoum Mine |
Leading Companies | · Vedanta Resources Ltd
· Glencore plc · Teck Resources Ltd · Zijin Mining Group Co Ltd · Industrias Penoles SAB de CV · Boliden AB |
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Zinc Mining Market Segmentation by Country
China was the largest zinc producer, accounting for more than 33% of total global production in 2023. Over the forecast period, although China will retain its position as the leading global zinc producer, the country’s zinc mine production is expected to decline by 2030.
In 2024, there is an anticipated rise in production from countries such as Russia, Mexico, India, Kazakhstan, and Peru, which will offset declines from Ireland, the US, and Australia. Global zinc production is expected to fall by 2030, reflecting expected lower production from Peru, India, China, Bolivia, and Kazakhstan.
Zinc Mining Market Analysis by Countries, 2023 (%)
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Zinc Mining Market - Active Mines
A few of the major active Zinc mines are Red Dog Mines, Rampura Agucha Mine, Antamina Mine, Mount Isa Zinc Mine, and McArthur River Mine among others. The Red Dog Mine, owned by Teck Resources Ltd., is the world’s largest open pit zinc mine.
Zinc Mining Market Analysis by Active Mine, 2024 (%)
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Zinc Mining Market - Development Projects
A few of the major Zinc mining projects that are in the development phase include the Ozernoe Mine, Russia; the Kipushi project, Democratic Republic of the Congo; the Prieska Project, South Africa; the Corani Project, Peru; Bunker Hill Project, US; and Back Forty Project, US among others.
Ozernoe Mine, Russia: Metropol Group owns the Ozernoe mine, which is currently undergoing construction and expected to begin production in the third quarter of 2024, with full capacity ramp-up anticipated by 2025.
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Zinc Mining Market - Exploration Projects
A few of the major Zinc exploration projects are the Storsjon Project, Antakori Project, Simkar Project, Bornite Project, KSL Project, and Khartoum Mine among others. The Storsjon Project has 810 Mt of total Zinc reserves. The mine commissioned operations in 2010.
Zinc Mining Market Analysis by Exploration Projects, 2024 (%)
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Zinc Mining Market - Competitive Landscape
Vedanta Resources Ltd, Glencore plc, Teck Resources Ltd, Zijin Mining Group Co Ltd, Industrias Penoles SAB de CV, and Boliden AB are the top six zinc-producing companies in the world, together accounting for over 31% of the global zinc production in 2023.
Leading Zinc Mining Companies, 2022 (%)
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Segments Covered in the Report
Zinc Mining Market Countries Outlook (Value, 2011-2030)
- China
- Peru
- Australia
- India
- US
- Others
Scope
- The report contains an overview of the global Zinc mining industry, including key demand driving factors affecting the global Zinc mining industry.
- It provides detailed information on reserves by country, global production, production by country, production by company, major operating mines, competitive landscape, and major exploration and development projects.
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Glencore plc
Teck Resources Ltd
Zijin Mining Group Co Ltd
Industrias Penoles SAB de CV
Boliden AB
Table of Contents
Table
Figures
Frequently asked questions
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Which country had the largest zinc reserves in 2023?
China was the largest producer of Zinc in the world in 2023.
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Which are the major active zinc mines in the market?
A few of the major active Zinc mines are Red Dog Mines, Rampura Agucha Mine, Antamina Mine, Mount Isa Zinc Mine, and McArthur River Mine among others.
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Which are the major development projects in the zinc mining market?
A few of the major zinc mining projects that are in the development phase include the Ozernoe Mine, Russia, the Kipushi project, Democratic Republic of the Congo, and the Prieska Project, South Africa, among others.
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Which are the major exploration projects in the zinc mining market?
A few of the major zinc exploration projects are the Storsjon Project, Antakori Project, Simkar Project, Bornite Project, KSL Project, and Khartoum Mine among others.
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Which are the leading companies in the zinc mining market?
A few of the leading zinc-producing companies are Vedanta Resources Ltd, Glencore plc, Teck Resources Ltd, Zijin Mining Group Co Ltd, Industrias Penoles SAB de CV, and Boliden AB among others.
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