Similarly, Zinc alloy anodes are crucial in both ship and marine applications as it is commonly applied to steel where they are allowed to corrode in preference to the steel – they are subsequently replaced when it must have completely corroded.
Zinc is also a constituent of ordinary dry cell battery which is the preferred battery option for devices that consume minimal power like remote controls. Brass, an alloy consisting of zinc and copper is also used to make both functional and decorative products like marine fittings, door handles, screw fixings and plumbing components.
Owing to heavy demand and dwindling reserves, there is said to be a supply imbalance that is approaching an all-time low. The price of Zinc has surged by more than 90% since January 2016, and it even reached a ten-year peak in August 2017. This zinc supply imbalance is predicted to still continue as some very key mines in China and Ireland have announced their closure.
The high demand for Zinc is said to be primarily driven by huge investment and demand for infrastructure across the globe. Demand for electronics, automobiles, consumer goods and raw materials for construction are soaring. One metal that is common to them all is Zinc.
The Demand for zinc has never been as high as it is today. High demand for consumer goods and infrastructure are some of the major forces driving demand for the fourth most used metal.