NEW YORK U.S. zinc usage
from January to October fell 2.8 percent year on year, while
lead output rose, according to preliminary figures from the
International Lead and Zinc Study Group (ILZSG).
The Lisbon, Portugal-based
organization said that the global zinc market recorded a
157,000-tonne surplus in the first 10 months of the year vs. a
304,000-tonne surplus in the same period last year, while the
global lead market surplus fell to 67,000 tonnes from 165,000
tonnes in the same period last year.
Zinc metal production totaled
1.09 million tonnes for October, bringing the year-to-date
total to 10.4 million tonnes. Thats a 3.7-percent decline
from the year-ago period.
Global zinc metal usage stood at
1.04 million tonnes in October, putting the year-to-date total
at 10.3 million tonnes.
"A 2.4-percent fall in global
usage of refined zinc metal was influenced primarily by
reductions of 7.1 percent in Europe, 1.2 percent in China, 2.8
percent in the United States and 5.9 percent in Japan," ILZSG
Meanwhile, global lead metal
production for October stood at 948,600 tonnes, bringing the
year-to-date total to 8.9 million tonnes, up 2.3 percent year
This was largely the result of
production increases in China, India, South Korea, the United
Kingdom and the United States, which more than offset declines
in Australia, Kazakhstan, Morocco, New Zealand and Spain, the
Global lead usage totaled
932,100 tonnes in October, putting the year-to-date total at
8.9 million tonnes, up 3.5 percent year on year.