NEW YORK Global refined
zinc supply exceeded demand in the first 11 months of 2012,
according to preliminary data from the International Lead and
Zinc Study Group (ILZSG).
Supply of refined zinc exceeded
demand by 267,000 tonnes, with total inventory levels
increasing by 432,000 tonnes, the Lisbon, Portugal-based group
Zinc metal production rose to
1.12 million tonnes in November from 1.09 million tonnes in
October. That brought year-to-date production to 11.6 million
tonnes, down 3.4 percent from the same period a year
Global zinc usage fell to
984,100 tonnes in November from almost 1.1 million tonnes in
October, putting the year-to-date total at 11.3 million tonne,
down a little more than 3 percent year on year.
Global lead metal production hit
938,300 tonnes in November, bringing year-to-date production to
nearly 9.9 million tonnes, up 2.2 percent from the same 2011
Lead usage hit 936,500 tonnes in
November, putting the year-to-date total up 3.5 percent year on
year to 9.8 million tonnes.