ILZSG: Refined lead metal exceeded supply in Q1/2014

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

Lisbon, Portugal — According to International Lead and Zinc Study Group (ILZSG) preliminary, world demand for refined lead metal exceeded supply by 10kt during the first quarter of 2014. Over the same period total reported stock levels declined by 18kt.

More key findings show:

  • Global lead mine supply over the first three months of the year was 5% higher than the corresponding period of 2013. This was primarily due to higher production in Australia, Mexico, Peru and the United States that more than offset falls in Canada and Turkey.
  • A decline in world refined lead metal production of 1.7% was principally due to reductions in China and the United States.
  • Similarly falls in apparent usage in China and the US of 2.5% and 6.7% respectively were the main influences on a fall in global demand for refined lead metal of 2%. Elsewhere usage in Europe rose by 1.4% and in Japan by 1%.
  • Chinese net imports of lead contained in lead concentrates increased by 16% to total 218kt.

Full details together with a full list of publications are available in the May 2014 edition of the Group’s 77 page ‘Lead and Zinc Statistics’ Bulletin on the Group’s website at ilzsg.org.

Source: International Lead and Zinc Study Group (ILZSG)