Page 64 from: New issue out now!
64
000 per tonne mark. After an increase
of 2.5% in 2018, world mine produc-
tion, adjusted for historical disruption
factors, is expected to decline by
about 0.5% in 2019 and then to grow
by around 2% in 2020. This is accord-
ing to the International Copper Study
Group which expects the copper refin-
ery market to show a clear surplus in
2020 as production increases faster
than demand. It expects refinery pro-
duction will increase by 4% to 25.3 mil-
lion tonnes next year. Consumption is
expected to increase by 1.7% to 25
million. There is likely to be a supply
deficit of around 320 000 tonnes on
the refining market in 2019. The organ-
isation expects a supply surplus of
around 281 000 tonnes by 2020.
LEAD
Lead traded on the LME on a three-
month basis around US$ 2 192 per
tonne. New soft lead prices were US$
2 811 per tonne while soft lead traded
at US$ 2 259 per tonne. Lead is signifi-
cantly more expensive than a year ago.
Due to these stronger prices, buyers
are more cautious and longer-term
contracts tend to be the exception.
Latest stocks in the licensed warehous-
es of the LME were 70 100 tonnes.
The latest session of the International
Lead and Zinc Study Group (ILZSG) in
Portugal in the last week of October
heard that global demand for refined
lead metal is forecast to fall by 0.5% to
11.81 million tonnes this year and to
rise by 0.8% to 11.90 million tonnes in
2020. In 2019, usage in China is
expected to fall by 1.1%, influenced by
a decline in automotive production and
increased use of lithium-ion batteries in
both the motorcycle and e-bike sec-
tors.
market analysis
LME Non-Ferrous Prices & Stocks Reference date: November 11, 2019
/ Aluminium / Copper
– LME prices (in U.S. dollars/MT)
– LME stocks (x 1000 metric tonnes)
– LME prices (in U.S. dollars/MT)
– LME stocks (x 1000 metric tonnes)
/ Lead / Zinc
– LME prices (in U.S. dollars/MT)
– LME stocks (x 1000 metric tonnes)
– LME prices (in U.S. dollars/MT)
– LME stocks (x 1000 metric tonnes)
O N D J F M A M J J A S O
2000 1944 1939 1868 1870 1872 1811 1761 1773 1777 1713 1744 1809
1050 1100 1200 1301 1280 1221 1250 1200 1150 1100 910 910 948
1000
1500
2000
2500
3000
3500
1000
2000
3000
4000
5000
6000
O N D J F M A M J J A S O
O N D J F M A M J J A S O
6080 6083 6195 5962 6100 6368 6180 5780 5970 5925 5652 5792 5932
185 160 150 145 135 116 228 235 250 270 271 271 241
4000
5000
6000
7000
8000
9000
0
100
200
300
400
500
O N D J F M A M J J A S O
O N D J F M A M J J A S O
2000 1907 1911 2013 2050 2092 1894 1782 1913 2002 2038 2117 2132
115 130 170 185 115 76 74 76 78 82 70 70 70
0
500
1000
1500
2000
2500
0
70
140
210
280
350
O N D J F M A M J J A S O
O N D J F M A M J J A S O
2450 2541 2555 2587 2650 2700 2761 2680 2580 2472 2284 2313 2482
185 150 130 118 350 598 800 795 790 785 598 598 532
1000
1500
2000
2500
3000
3500
100
240
380
520
660
800
O N D J F M A M J J A S O
The must-read
magazine in the
global recycling
business
Recycling
I n t e r n a t i o n a l
T
h
e
g
o
-t
o
s
o
u
rc
e
o
f
g
lo
b
al
r
e
cy
cl
in
g
in
fo
rm
at
io
n
recycl inginternational.com | January/February 2019
All in the familyGermany’s Schuy Recycling looks to the future
Diversification a must for paper recyclers
Country report: Thailand
Chill wind blows through end-of-year trading
01_frontcover.indd 1
23-01-19 11:02
Don’t miss it!
Recycling International is the leading provider of recycling-related information and
an invaluable trade publication for the global recycling industry.
• 6 issues
• Special edition: Recycling Technology
• Weekly newsletters
• Read all issues online
• Access to online archive
Subscribe via:
Recyclinginternational.com/subscribe
+31 (0)88 2266648
Usage is forecast to decrease by 0.7%
both in Europe and the United States
in 2019. The automotive sector has
been underperforming in these mar-
kets, with new car sales stagnating in
many leading countries. In the US, bat-
tery shipments declined by more than
3% between January and August com-
pared to the same period of 2018.
However, according to the Group’s lat-
est predictions, refined lead usage will
recover by 0.8% in Europe and 1.2% in
the US in 2020.
ZINC
Zinc prices continue to move at a solid
level, with three-month commodities
valued at US$ 2 496 per tonne. On the
German market, special high grade zinc
reached US$ 3 210 per tonne, old zinc
scrap was worth US$ 2 349 per tonne.
Visible zinc stocks in the licensed ware-
houses of the LME have been steadily
declining for some weeks, with their lat-
62-63-64-65_manon-ferrous.indd 64 13-11-19 14:32
