ILZSG: Jan. to Nov. 2014 world refined lead metal supply and demand nearly balanced

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Bleigewichte (Foto: ©Harry256 / http://www.pixelio.de)

Lisbon, Portugal — The International Lead and Zinc Study Group (ILZSG) released preliminary data for world lead and zinc supply and demand during the first eleven months of 2014. The data reported to the ILZSG indicate that world refined lead metal supply and demand were close to balance from January to November 2014, while total reported stock levels declined by 40kt. Over the same period, the global market for refined zinc metal was in deficit by 255kt with total reported inventories declining by 326kt over the same period.

Key figures on lead include:

  • Global lead mine production decreased by 2.8 percent compared to the same period of 2013. This was mainly a consequence of lower output in Bolivia, China and South Africa that more than offset rises in Australia, Peru, and the United States.
  • Despite reductions in Japan and the United States, global refined lead metal production rose by 1.2 percent. This was due primarily to increased output in China, India, Italy, Kazakhstan and the Republic of Korea.
  • Global demand for refined lead metal increased by 1 percent mainly as a result of rises of 2.3 percent and 1.2 percent in Europe and China respectively. Usage in the United States declined by 0.6 percent.
  • Chinese net imports of lead contained in lead concentrates totalled 896kt over the first eleven months of 2014, an increase of 22 percent compared to the same period of 2013.

Key figures on zinc show:

  • Falls in zinc mine output in Australia, Canada, India, Ireland and Namibia were more than balanced by increases in China, Mexico, Peru, Sweden and the United Sates resulting in an overall global rise of 1.9 percent.
  • Despite reductions in India and the United States, world refined zinc metal production rose by 4.2 percent. This was due mainly to higher output in China.
  • An increase in global demand for refined zinc metal of 5.4 percent was primarily a consequence of a reported rise in Chinese apparent demand of 10.5 percent. Usage In the United States increased by 3.9 percent but in Europe declined by 1.6 percent.
  • Chinese exports of refined zinc metal exceeded imports in November for the second successive month. Net imports for the first eleven months of 2014 totalled 436kt, a reduction of 22 percent compared to the same period of 2013.

Further details about the International Lead and Zinc Study Group (ILZSG) together with a full list of publications are available on the Group’s website at ilzsg.org.

Source: International Lead and Zinc Study Group (ILZSG)