Zinc prices also rose sharply, averaging $3,825 per tonne on the London Metal Exchange in Q2FY27, up 35% year-on-year. The market is seeing a sharp demand-supply mismatch, driven by mine closures and inadequate fresh investment. Prices have since fallen from a mid-September peak of about $4,200 per tonne to around $3,740 per tonne, which could limit the upside in Q3FY27.
