Lisboa, Portugal — According to preliminary data recently of the International Lead and Zinc Study Group (ILZSG), world demand for refined lead metal exceeded supply by 12kt during the first four months of 2014. Over the same period total reported stock levels declined by 33kt. The global market for refined zinc metal was in deficit by 107kt over the four months from January to April 2014 with total reported inventories declining by 123kt over the same period.
Other keyfigures on lead are:
- Global lead mine output was 1.3 per cent higher than the corresponding period in 2013 due primarily to increases in Australia, Mexico and the United States that more than balanced reductions in Canada and China.
- A reduction world refined lead output of 4 per cent was primarily a consequence of falls in production in China and the United States.
- Similarly, a sharp drop in Chinese apparent demand for refined lead metal of 10.3 per cent was the main influence on a reduction in global demand of 4.6 per cent. Usage in Europe increased by 3.9 per cent and in the United States, fell by 2.6 per cent.
- Chinese net imports of lead contained in lead concentrates increased by 12 per cent to total 270kt.
Other keyfigures on zinc are:
- Global zinc mine production was a marginal 0.4 per cent higher than the same period in 2013 with decreases in Canada, Ireland and Peru almost balancing increases in China, Mexico and the United States.
- A rise in world output of refined zinc metal of 4.1 per cent was primarily a consequence of higher production in Belgium, China and India.
- Increases in apparent demand of 12.4 per cent in China and 23.8 per cent in the Republic of Korea were the main drivers behind an increase in the global usage of refined zinc metal of 7.5 per cent. Demand in Europe declined by 0.9 per cent and in the United States, rose by 2.8 per cent.
- Chinese net imports of refined zinc metal increased by 38.8 per cent to 261kt.
Full details are available in the June 2014 edition of the Group’s 77 page ‘Lead and Zinc Statistics’ Bulletin.
Source: International Lead and Zinc Study Group (ILZSG)