ILZSG: Refined lead metal supply exceeded demand, zinc metal was in surplus

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Zinkerz (Foto: Initiative Zink)

Lisbon, Portugal — Provisional data reported to the International Lead and Zinc Study Group (ILZSG) indicate that world refined lead metal supply exceeded demand by 23kt during the first four months of 2016. Over the same period total reported stock levels declined by 2kt. The global market for refined zinc metal was in surplus by 24kt from January to April 2016 with total reported inventories rising by 32kt over the same period.

The key figures regarding lead metal are:

  • Reductions in Australia, China, India and the United States were the main influences behind a fall in global lead mine production of 5 percent compared to the first four months of 2015.
  • World refined lead metal output decreased by 1.8 percent. This was primarily a consequence of lower reported output in China that more than offset increases in Canada and the Republic of Korea.
  • Ex-China usage of refined lead metal rose by 4.2 percent mainly due to an increase in European demand of 8.8 percent. However, Chinese apparent usage fell by 12.1 percent and overall global demand decreased by 2.5 percent.
  • Chinese imports of lead contained in lead concentrates totalled 231kt, a reduction of 18.9 percent compared to the same period in 2015.

The key figures on zinc metal include:

  • A reduction in global zinc mine production of 8.1 percent was primarily due to decreases in Australia, India, Ireland, Peru and the United States.
  • Rises in refined zinc metal production in the Republic of Korea and Namibia were more than balanced by reductions in India, Japan and the United States resulting in an overall global fall of 3.4 percent.
  • Global refined metal usage over the first four months of 2016 was at the same level as the corresponding period in 2015 with rises in China and Europe being offset by decreaes in Japan, Taiwan (China) and the United States.
  • Chinese imports of zinc contained in zinc concentrates declined by 20 percent to 327kt. Net imports of refined zinc metal increased by 163 percent to 213kt.

Further details about the International Lead and Zinc Study Group (ILZSG) , a full list of publications and the June 2016 edition of the Group’s 77 page ‘Lead and Zinc Statistics’ Bulletin are available on the Group’s website at ilzsg.org.

Source: International Lead and Zinc Study Group (ILZSG)