The Global Zinc Ore Market was valued at approximately USD 25.1 Billion in 2024 and is projected to reach USD 33.8 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.1% during the forecast period (2024–2030). This sustained growth is primarily driven by robust demand from the galvanized steel industry, expansion in infrastructure development across emerging economies, and the increasing application of zinc in batteries and renewable energy systems.

As the global economy continues its pivot towards electrification and sustainable infrastructure, the key mining giants who control the world’s zinc supply chains are more critical than ever. This blog profiles the Top 10 Companies in the Zinc Ore Industry—a powerful group of multinational miners, smelters, and integrated producers shaping the future of this essential base metal.

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🔟 1. Glencore plc

Headquarters: Baar, Switzerland
Key Offering: Zinc concentrate, Refined zinc, Lead, Copper

Glencore is the world’s largest producer and marketer of zinc, with a vast portfolio of mining and smelting assets. Its operations span continents, including major mines like Mount Isa and McArthur River in Australia, and the Kazzinc operation in Kazakhstan, giving it unparalleled scale and market influence.

Sustainability and Strategic Initiatives:

• Commitment to achieving net-zero total emissions by 2050
• Advanced recycling operations for zinc-containing materials
• Focus on responsible sourcing and supply chain transparency

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9️⃣ 2. Teck Resources Limited

Headquarters: Vancouver, Canada
Key Offering: High-grade zinc concentrate, Refined zinc

Teck Resources is a dominant force in the zinc market, operating the massive Red Dog mine in Alaska, one of the world’s largest zinc-producing assets. The company is also a major producer of steelmaking coal and copper, making it a diversified mining powerhouse with a strong focus on the Americas.

Sustainability and Strategic Initiatives:

• Industry-leading water stewardship and emissions reduction programs
• Investment in low-carbon technology and mine-site electrification
• Active engagement with indigenous communities near its operations

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8️⃣ 3. Korea Zinc Group

Headquarters: Seoul, South Korea
Key Offering: Refined zinc, Zinc alloys, Special High Grade (SHG) zinc

Korea Zinc is the world’s leading non-Chinese producer of refined zinc. While it sources significant amounts of zinc concentrate from external suppliers, its highly efficient smelting and refining operations in South Korea and Australia position it as a critical link in the global zinc supply chain, especially for high-purity metal.

Sustainability and Strategic Initiatives:

• Pioneering investments in green hydrogen and renewable energy for smelting
• Expansion of recycling capabilities for zinc and other non-ferrous metals
• Strategic partnerships with global miners for long-term concentrate supply

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7️⃣ 4. Hindustan Zinc Limited (Vedanta Group)

Headquarters: Udaipur, India
Key Offering: Refined zinc, Refined lead, Silver, Zinc concentrate

Hindustan Zinc is India’s largest and the world’s second-largest integrated zinc producer. As a subsidiary of Vedanta Resources, it operates a fully integrated business from mining to refining, with its assets located primarily in the state of Rajasthan, serving both domestic and international markets.

Sustainability and Strategic Initiatives:

• Ambitious targets to increase silver and zinc production capacity
• Significant investment in digitalization and automation of mining operations
• Focus on water conservation and renewable energy adoption in arid regions

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6️⃣ 5. Boliden AB

Headquarters: Stockholm, Sweden
Key Offering: Zinc concentrate, Refined zinc, Copper, Nickel

Boliden is a leading European metals company with high-tech, sustainable mining and smelting operations in Sweden, Finland, Norway, and Ireland. Its Tara Mine in Ireland is one of the largest zinc mines in Europe, and the company is renowned for its industry-leading smelting technology and low carbon footprint.

Sustainability and Strategic Initiatives:

• World-class energy efficiency in its smelting processes
• Leader in the recycling of electronics waste (e-waste) to recover metals
• Stringent health, safety, and environmental standards

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5️⃣ 6. MMG Limited

Headquarters: Melbourne, Australia
Key Offering: Zinc concentrate, Copper concentrate

MMG, a global resources company majority-owned by China Minmetals, is a significant zinc producer through its flagship Las Bambas copper mine and, more centrally, the Dugald River mine in Australia. Dugald River is one of the world’s top-tier zinc mines, known for its high-grade ore body.

Sustainability and Strategic Initiatives:

• Implementation of advanced automation and remote operations centers
• Strong focus on community development and local employment
• Commitment to transparent and responsible mining practices

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4️⃣ 7. Nyrstar NV

Headquarters: Budel-Dorplein, Netherlands
Key Offering: Refined zinc, Zinc alloys, Lead, Silver

Nyrstar is an integrated zinc and lead producer with mining and smelting operations across Europe, the Americas, and Australia. Despite financial restructurings, it remains a key player with a network of multi-metal smelters that are crucial for converting zinc concentrate into refined metal for industrial customers.

Sustainability and Strategic Initiatives:

• Focus on operational stability and margin improvement post-restructuring
• Investments in by-product recovery to enhance value per ton of ore
• Exploration of opportunities in the critical raw materials space

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3️⃣ 8. Sumitomo Metal Mining Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: Refined zinc, Copper, Nickel, Gold

Sumitomo Metal Mining is a major Japanese non-ferrous metal smelter with significant zinc production capacity. The company’s business model is heavily oriented towards processing imported concentrates into high-purity metals for Japan’s advanced manufacturing sector, including the automotive and electronics industries.

Sustainability and Strategic Initiatives:

• Development of advanced materials for electric vehicle batteries
• Leadership in smelter technology with high recovery rates and low emissions
• Strategic investments in upstream mining assets for supply security

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2️⃣ 9. Votorantim Metais

Headquarters: São Paulo, Brazil
Key Offering: Refined zinc, Zinc oxides, Nickel

Votorantim Metais is the largest zinc producer in Latin America, with integrated operations in Brazil. The company’s smelting complex is a cornerstone of the regional metals industry, supplying the growing Brazilian and South American markets for galvanizing and alloys.

Sustainability and Strategic Initiatives:

• Investment in energy efficiency and co-generation at its smelting facilities
• Expansion of product portfolio to include specialized zinc chemicals
• Strong emphasis on circular economy principles within its operations

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1️⃣ 10. Trevali Mining Corporation (Assets acquired by several parties)

Headquarters: (Historical) Vancouver, Canada
Key Offering: Zinc concentrate, Lead concentrate, Silver

While Trevali Mining filed for creditor protection in 2022, its significant zinc-producing assets, such as the Caribou Mine in Canada and the Perkoa Mine in Burkina Faso, were integral to the global zinc concentrate supply. These assets are being acquired and managed by new operators, ensuring their continued contribution to the market.

Market Impact and Legacy:

• Highlighted the importance of disciplined capital allocation in mining
• Assets represent important sources of zinc concentrate for global smelters
• Demonstrated the geographic diversification of zinc production

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🌍 Outlook: The Future of Zinc Ore is Green and High-Tech

The zinc ore market is at a pivotal juncture. While traditional applications like galvanizing continue to drive demand, the industry is rapidly evolving to meet the needs of a decarbonizing world. This includes supplying zinc for renewable energy storage and adapting mining practices to higher environmental and social standards.

📈 Key Trends Shaping the Market:

• Rising demand for zinc in battery technologies, particularly zinc-air and zinc-bromide flow batteries
• Increasing scrutiny on ESG (Environmental, Social, and Governance) performance from investors and customers
• Adoption of automation, AI, and data analytics to improve safety and efficiency in mining operations
• Geopolitical shifts influencing supply chain security and investment flows in the mining sector

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Zinc Ore Market – View in Detailed Research Report

The companies listed above are not only extracting a vital industrial metal—they are navigating a complex transition towards more sustainable and technologically advanced mining that will underpin the global economy for decades to come.