Engineering and Mining Journal - Whether the market is copper, gold, nickel, iron ore, lead/zinc, PGM, diamonds or other commodities, E&MJ takes the lead in projecting trends, following development and reporting on the most efficient operating pr
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80 E&MJ; • APRIL 2017 www.e-mj.com MARKETS According to the latest market study re- leased by Technavio, the global zinc market is projected to grow to 19.68 million metric tons (mt) by 2021, at a compound annual growth rate of close to 4% over the forecast period. This research report titled Global Zinc Market 2017-2021 provides an in- depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up-to- date analysis and forecasts for various mar- ket segments and all geographical regions. The report categorizes the global zinc market into four segments, based on ap- plication: galvanizing, alloys and castings, brass and bronze, and other applications. "Galvanizing is the largest application seg- ment of the global zinc market, generating more than 48% of the overall revenue," said Ajay Adikari, a lead analyst at Technavio for metals and minerals research. "The major offerings of the segment include gal- vanized painted GP and galvanized coated GC steel products, galvanized structural steel products, both light and heavy, and galvanized steel wires." The increasing demand for galvanized products will lead to a rise in the demand for high-grade (HG) zinc and special high-grade zinc (SHG) for semi-fi nished casting products such as ingots. Galvani- zation contributes to more than 50% of the zinc demand from countries in South Asia, the Middle East, and Africa. Alloys and castings accounted for 24.8% of the overall market in 2016. Zinc alloys are broadly classifi ed into zinc cast- ing alloys and wrought zinc alloys. Zincal is the most popular alloy, followed by brass, bronze, ZAMAK, solder alloy, superloy, etc. Zinc alloys are majorly utilized in the man- ufacture and casting of utensils. They are also used for architectural applications such as roofi ng needs and wall pitches. The US is the largest contributor to the alloys and casting market segment, followed by Eu- rope, Thailand, Taiwan, Turkey, and Mexico. Brass is an alloy of zinc and copper with varying properties depending on the proportion of zinc and copper. It is used in applications like decoration due to its gold-like appearance, low friction appli- cations, plumbing and electrical applica- tions, music instruments, zippers, coins, and mirrors. Bronze is formed mainly from copper and tin along with other met- als like zinc and aluminum. "The use of these alloys for casting, wires, and sheets generate signifi cant revenue to the global zinc market," Adikari said. Technavio is a leading global technology research and advisory company. A sample report is available at: www.technavio.com/ request-a-sample?report=56107. Zinc Market Expected to Grow for Next Five Years Gold and silver prices provided by KITCO Bullion dealers (http://www.kitco.com). Platinum group metals prices provided by Johnson Matthey (http://www.platinum.matthey.com). Non-ferrous base and minor metal prices provided by London Metal Exchange (http://www.lme.co.uk). Iron ore prices prices provided by Platts Iron Ore Index. Currency exchange rates were provided by www.xe.com. (April 4, 2017) Precious Metals ($/oz) Base Metals ($/mt) Minor Metals ($/mt) Exchange Rates (U.S.$ Equivalent) Gold $1,255.70 Aluminum $1,938.00 Molybdenum $15,250 Euro (€) 1.066 Silver $18.27 Copper $5,724.50 Cobalt $55,505 U.K. (£) 1.248 Platinum $963.00 Lead $2,275.00 Canada ($) 0.744 Palladium $808.00 Nickel $9,865.00 Iron Ore ($/dmt) Australia ($) 0.757 Rhodium $1,025.00 Tin $20,035.00 Fe CFR China $88.00 South Africa (Rand) 0.072 Ruthenium $49.00 Zinc $2,704.00 China (¥) 0.145