Between 2016 and 2020, zinc mine production in Canada steadily declined from 256.71 to 101.87 thousand metric tons, reflecting an average annual contraction (CAGR) of approximately -20%. The sharpest declines occurred between 2016 to 2017 and 2019 to 2020, indicating a challenging period for the industry. In 2023, production was virtually non-existent, maintaining this downward trend.
Looking ahead, factors to watch include recovery of global zinc prices, potential new mining projects, and shifts in environmental regulations. A potential stabilization or slight upturn might be observed if market conditions become more favorable.
