African foreign trade is constantly evolving, influenced by various economic, political and environmental factors. Recently, a significant news story has caught the attention of market players: the price of zinc has increased by 2.28% on international markets.
Zinc: A Strategic Metal
Zinc is an essential metal used in many industries, including construction, automotive and electronics. As a corrosion protection material, it is mainly used to galvanize steel. Global demand for zinc is constantly increasing, especially in developing countries where urbanization and industrialization are booming.
Zinc Price Increase
The recent 2.28% increase in the price of zinc on international markets is the result of several factors. On the one hand, the post-pandemic economic recovery has led to an increase in demand for this metal. On the other hand, disruptions in supply, due to strikes at key mines and logistical restrictions, have also contributed to this increase.
According to data from the London Metal Exchange (LME), the price of zinc reached 3,200 USD per tonne in February 2025, a level not seen for several years. This trend is particularly significant for African countries that rely heavily on zinc exports.
The Main Zinc Producing Countries in Africa
Africa is rich in mineral resources, and several countries stand out for their zinc production. Among them, Zambia, Morocco and Senegal are major players on the international market.
- Zambia: Zambia is one of the largest producers of zinc in Africa, with mines such as Kabwe contributing significantly to national production. In 2024, Zambia produced approximately 150,000 tonnes of zinc, representing a significant share of its mineral exports.
- Morocco: Morocco is also a key player, with mines such as Bou Azzer. In 2024, the country produced approximately 100,000 tonnes of zinc, and rising prices could further stimulate investment in this sector.
- Senegal: Although less known for its zinc production, Senegal has recently discovered new deposits that could increase its production in the coming years.
- DRC: The DRC zinc sector is expected to take off with the entry into production of Kipushi Corporation SA (Kico SA), a joint venture between Kipushi Holding Ltd, a 100% Canadian subsidiary, Ivanhoe Mines, which holds 68% of the shares, and Gécamines (32%).
Implications for African Foreign Trade
The rise in zinc prices has significant implications for African foreign trade. First, it could lead to increased export revenues for producing countries. It is estimated that a 10% increase in zinc prices could generate additional revenues of 200 million USD for Zambia.
Furthermore, this increase could attract more foreign investment in the mining sector. Mining companies could be encouraged to explore new deposits and upgrade their infrastructure to maximize their production.
However, it is important to note that this price increase can also have negative consequences. Countries that rely heavily on zinc exports could be vulnerable to market fluctuations. A sudden drop in prices could result in significant economic losses.
Challenges to Overcome
Despite the opportunities presented by the rise in zinc prices, African countries face several challenges. One of the major obstacles is infrastructure. Many African countries lack adequate infrastructure to efficiently transport and export their mineral resources. This can limit their ability to take full advantage of price increases on the international market.
In addition, the management of Africa’s natural resources remains a critical issue. Countries must ensure that mining is sustainable and beneficial to their populations. This includes putting in place strict regulations and ensuring that revenues generated by mining are invested in local development.
Perspective for the African mining sector
Looking ahead, the upward trend in zinc prices could continue, depending on global demand and supply conditions. African countries should prepare for this dynamic by diversifying their economies and investing in complementary sectors.
In addition, the transition to more sustainable and environmentally friendly technologies could also influence zinc demand. Initiatives to reduce the carbon footprint and promote the circular economy could create new opportunities for zinc producers in Africa.
Conclusion
The 2.28% increase in the price of zinc on international markets represents a significant opportunity for African foreign trade. Zinc-producing countries, such as Zambia, Morocco and Senegal, could benefit from increased export revenues and increased interest in their mineral resources.
By adopting a proactive approach and investing in sustainable practices, Africa can take advantage of this market dynamic to strengthen its foreign trade and economic development.
