NEW YORK Zinc and lead demand in the United States rose slightly during the first nine months of 2012 from 2011 levels, with global supply continuing to exceed demand, according to preliminary data from the International Lead and Zinc Study Group (ILZSG).
The Lisbon, Portugal-based organization said that global lead metal production totaled 944,800 tonnes in September 2012, bringing the year-to-date total to 8.02 million tonnes. Thats up 2.2 percent year on year.
Global lead usage in September stood at 932,400 tonnes, with the year-to-date total of 7.94 million tonnes up 3.3 percent from the corresponding period in 2011.
Year-to-date demand fell 3 percent year over year in Europe while rising 1.3 percent in the United States, the organization reported.
Global lead supply exceeded demand by 80,000 tonnes in the first nine months.
Meanwhile, global zinc metal production for September 2012 totaled 1.04 million tonnes, bringing the year-to-date total to 9.39 million tonnes, down 3.4 percent from the first nine months of 2011.
Global zinc usage for September totaled 1.04 million tonnes, putting the year-to-date total at 9.24 million tonnes. Thats a 1.5-percent decline from 2011.
Apparent demand in both the United States and China remained at levels similar to that in 2011, with rises of 0.7 percent and 0.3 percent, respectively, the organization said.
The global market for refined zinc metal in January to September was in surplus by 137,000 tonnes.