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Zinc is a solid transition metal that can be found in air, water, plants, animals, and humans. However, the majority of zinc is mined from the earth's crust. Zinc is used for many industrial processes and materials, but about half of the zinc mined globally is used to galvanize steel, which is widely used in sectors ranging from construction to infrastructure. and automobiles to home appliances, machinery and shipbuilding. The metal can be used as anti-corrosion agents, chemicals and as semi-manufacturing agents. Zinc is often used as part of alloys, especially in combination with copper such as brass. Much of zinc mining takes place underground, but this method of production accounts for more than half of all mining. The largest global zinc reserves are in Australia and China, although the world's two largest zinc producers are China and Peru.

Analysts expect that zinc prices will rise further as refined output rises and that after macroeconomic worries subside, zinc prices will rise to $2,905 per tonne. Zinc may also receive extra backing from any favorable changes in China's real estate market. In the meantime, more zinc mines are anticipated to become available, especially as a result of new initiatives in South America and Africa. This might cause a glut in the market by 2025. Analysts, however, continue to exercise caution, suggesting that the supply expansion may not be as robust as initially projected.

In 2020, the main zinc ore exporters are Australia ($1.38 billion), Peru ($1.01 billion), the United States ($860 million), Mexico ($631 million) and Bolivia ($566 million). . In 2020, the main importers of zinc ore were China ($2.12 billion), South Korea ($1.14 billion), Belgium ($596 million), Canada ($591 million) and Spain ($572 million).