Bolivia Zinc Mining Forecast

The forecast for zinc prices averages $2,300/tonne in 2020 and $2,450/tonne in 2021, as higher trending prices persist into 2021. Bolivia’s zinc sector will see an uptick in growth in 2021, followed by a steady average contraction of 1.7% over the long-term forecast period. Elevated zinc prices support the expansion in 2021; however, from 2022 onwards, lower zinc prices will impact production rates negatively, meaning that we forecast production to decline from 528kt in 2021 to 453kt in 2030.