Skip to main content

ILZSG lowers its zinc deficit forecast

Global – The world refined lead market is likely to record a small deficit of 17 000 tonnes in 2015, according to the latest forecasts published by the International Lead & Zinc Study Group (ILZSG). Meanwhile, global demand for refined zinc is expected to exceed supply by 151 000 tonnes in the current year – a figure lower than that indicated by the organisation during its meetings in October last year because of a downward revision of China’€™s net imports.
An increase of 1.1% to 11.05 million tonnes is projected for global usage of refined lead this year. Demand in the key Chinese market is thought likely to be limited to just 1%, not least because of ‘€˜a slowdown of sales in the e-bike sector which accounts for over 30% of domestic lead metal usage’€™. Consumption in Europe is forecast to rise by 0.8% and in the USA by 1.2%. The ILZSG also expects a 1.1% increase for world refined lead production this year, giving a total of 11.03 million tonnes.
For refined zinc, meanwhile, world demand is forecast to rise by 3.7% to 14.14 million tonnes this year. After leaping 8.7% in 2014, usage in China is expected to rise by 4.8% in 2015 while growth in Europe and the USA is projected to be, respectively, 2.4% and 6%. Global refined zinc production is expected to advance 5.2% to 13.99 million tonnes this year, mostly due to predicted growth in Chinese output of 8.9%.

Would you like to share any interesting developments or article ideas with us? Don't hesitate to contact us.

You might find this interesting too

General gloom deepens for recyclers
Storing and scrapping aircraft in the Arizona desert

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Subscribe now and get a full year for just €169 (normal rate is €225) Subscribe