Lisbon, Portugal — According to International Lead and Zinc Study Group (ILZSG) preliminary data, the global market for refined zinc metal was in deficit by 17kt over the first quarter of 2014 with total reported inventories declining by 36kt over the same period.
More figures show:
- Over the first three months of year global zinc mine production rose by 3% compared with the first quarter of 2013. This was primarily a consequence of higher output in China, Mexico and the United States that more than balanced declines in Canada, Ireland and Peru.
- A 3% increase in global refined zinc metal output was principally due to a rise in China with output in the majority of other countries remaining at a similar level to that during the first quarter of 2014.
- Increases in refined zinc metal demand in China (10.1%), Europe (1.4%), Japan (10.9%) and the Republic of Korea (23.3%) were partially balanced by a decline in the United States (-7.5%) resulting in an overall rise in global demand of 6%.
- Chinese net imports of refined zinc metal increased by 36.8% to 197kt.
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)