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Zinc prices have been on a tear, surging 18% in just two weeks!
This jump is due to a few reasons
Refinery Blues: Refiners are making less profit processing zinc, so they're producing less. This means less zinc to go around. China's Growing Appetite: Even with a slight production bump, China, the world's biggest zinc user, is still gobbling it up. This strong demand is pushing prices higher. Global Manufacturing on the Rise: Positive signs from factories in China, US, and Germany suggest a potential rise in demand for zinc across the board. So, what does this mean for you in the solar industry?
While a surplus is expected in 2024, some key events could tighten the supply chain
Smelter Restart: Glencore's Nordenham smelter in Germany is set to reopen, boosting global zinc output. Norway Ramps Up: The completion of Odda mine expansion in Norway will add even more zinc to the market. The Bottom Line for Solar:
Expect zinc prices to stay volatile in the short term. There's a chance they could rise further. Hindustan Zinc, a major player, is poised to benefit. This could impact overall zinc component costs. Here's what Strolar can do to help:
Strategic Metal Market Insights: We use our expertise to optimize material costs, including zinc, for your solar projects. Cost-Effective Mounting Solutions: Our end-to-end design and manufacturing ensure we deliver cost-efficient solar mounting systems. Nationwide Coverage: Strategically located plants ensure we meet your needs no matter where your project is. At Strolar, we're here to navigate market fluctuations and deliver top-tier solar mounting solutions. Let's chat about how we can help your next project!
