54
ry totalled 50 500 tonnes and forecasts
suggest increasing global demand for
the metal. According to experts, the
metal’s price may prompt disused mines
to be brought back into operation.
Experts expect production of over 13
million tonnes in 2020. By 2028, the
estimate is well over 15 million tonnes.
On the German scrap market, scrap zinc
was traded between US $ 1 650 and US
$ 1 710.
LEaD
ILZSG has reported that global
demands for refined lead exceeded
supply by 81 000 tonnes during the first
ten months of 2019. Over the same
period total reported stock levels
decreased by 38 000 tonnes. Global
mine production remained stable with
rises in Europe, Australia, India, Mexico,
Peru and South Africa offset by reduc-
tions in Bolivia, China and Kazakhstan.
There were rises in refined lead metal
production in India, the South Korea
and Mexico. However, overall global
output declined by 0.7% mainly as a
result of lower output in Argentina,
Canada, Kazakhstan and Australia
where technical issues at Nyrstar’s Port
Pirie smelter resulted in a significant
reduction in output. Refined lead usage
fell by 0.5%, primarily influenced by
decreases in Europe, Japan and the US.
Chinese imports of lead contained in
lead concentrates increased by 40.4%
to 781 000 tonnes.
COnTRiBUTED BY
* Ralf Schmitz, German non-ferrous
trade association VDM (Europe)
* Robin Latchem
market analysis
LME non-Ferrous Prices & Stocks Reference date: January 9, 2020
/ 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)
D J F M A M J J A S O N D
1939 1868 1870 1872 1811 1761 1773 1777 1713 1744 1809 1805 1799
1200 1301 1280 1221 1250 1200 1150 1100 910 910 948 1150 1425
1000
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3500
1000
2000
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5000
6000
D J F M A M J J A S O N D
D J F M A M J J A S O N D
6195 5962 6100 6368 6180 5780 5970 5925 5652 5792 5932 6000 6186
150 145 135 116 228 235 250 270 271 271 241 185 135
4000
5000
6000
7000
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9000
0
100
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500
D J F M A M J J A S O N D
D J F M A M J J A S O N D
1911 2013 2050 2092 1894 1782 1913 2002 2038 2117 2132 2000 1912
170 185 115 76 74 76 78 82 70 70 70 68 66
0
500
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2500
0
70
140
210
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350
D J F M A M J J A S O N D
D J F M A M J J A S O N D
2555 2587 2650 2700 2761 2680 2580 2472 2284 2313 2482 2440 2406
130 118 350 598 800 795 790 785 598 598 532 520 513
1000
1500
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3500
100
240
380
520
660
800
D J F M A M J J A S O N D
52-53-54_manon-ferrous.indd 54 15-01-20 14:37
