ILZSG: Global demand of refined lead metal in 2013 exceeded supply by 22kt

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

Lisboa, Portugal — The International Lead and Zinc Study Group (ILZSG) has released preliminary data for world lead supply and demand during 2013. These figures indicate that in 2013 global demand of refined lead metal exceeded supply by 22kt. Over the same period inventories reported by the London Metal Exchange (LME), Shanghai Future Exchange (SHFE) and producers and consumers decreased by 42kt totalling 599kt at the year end.

Other keyfigures are:

  • Global lead mine production increased by 6.4 percent compared to 2012 mainly as a result of higher output in China and Australia, where Ivernia’s Paroo Station (formerly Magellan) mine reopened in March.
  • A rise in world output of refined lead metal of 3.7 percent was primarily a consequence of higher production in China, Italy, Peru and the United States. Production from secondary (recycled) raw materials accounted for 54.7 percent of total output compared to 55.6 percent in 2012.
  • Overall global demand for refined lead metal increased by 4.5 percent. This was principally driven by rises in usage of 16 percent in the United States, 4.9 percent in China 3.5 percent in Europe and 11.5 percent in the republic of Korea that more than offset contractions in India, Japan and Mexico.
  • Chinese imports of lead contained in lead concentrates declined by 18 percent to 822kt from the record levels attained in 2012.
  • Cash Settlement and Forward Three Month Prices on the LME averaged US$2141 and US$$2157 respectively during 2013, 3.9 percent and 4 percent higher than during 2012. The highest Cash Settlement Price of US$2448 was recorded on 5 February and the lowest of US$1949 on 15 May.

Full details are available in the February 2014 edition of the Group’s 77 page ‚Lead and Zinc Statistics‘ Bulletin. The 2014 edition of the ILZSG ‚Lead and Zinc New Mine and Smelter Projects‘ report, with details of more than 200 lead and zinc projects, is now available. 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.

Quelle: International Lead and Zinc Study Group (ILZSG)