Core Viewpoint - Goldman Sachs expects a slight surplus in the global zinc market this year, driven by increased mine supply and refined inventory drawdowns, while demand remains stable [1] Group 1: Supply and Demand Dynamics - The investment bank forecasts that mine supply growth will significantly slow down by 2027 and 2028, leading to a potential shortage outside of China [1] - Global zinc demand is projected to grow by approximately 2% in both 2026 and 2027 [1] Group 2: China's Role in the Market - Currently, there is no expectation for China to continuously export zinc to balance the global market, but the country is anticipated to play an increasingly important role in alleviating temporary supply tightness [1] - Future years may see more frequent export arbitrage opportunities from China [1]
高盛：2026年全球锌市场将出现小幅过剩
Wen Hua Cai Jing·2026-02-13 01:58