NEW YORK Global demand for lead metal and refined zinc increased in the first 11 months of 2013 compared with the same period last year, according to the latest data from the International Lead and Zinc Study Group (ILZSG).
Global lead usage totaled 890,700 tonnes in November, bringing the year-to-date total to more than 9.79 million tonnes, up 5.1 percent from 9.32 million tonnes in the first 11 months of 2012. The year-to-date increase was driven mainly by higher demand in the United States (up 17.6 percent), South Korea (up 12. 1 percent), China (up 5.4 percent) and Europe (up 3.8 percent).
Refined lead production in the 11-month period totaled 9.75 million tonnes, up 3.8 percent from 9.32 million tonnes a year earlier due to increased output from China, Italy, Peru and the United States, leaving the global market in a 41,000-tonne deficit.
Global demand for refined zinc totaled 12.1 million tonnes in the first 11 months of the year, up 7.6 percent from 11.2 million tonnes a year earlier, while production increased 5.8 percent to 12.08 million tonnes from 11.4 million tonnes, resulting in an 18,000-tonne surplus.
The increase in global refined zinc usage was largely driven by an increase in Chinese apparent demand of 14.9 percent. Usage in Europe declined by 0.9 percent and in the United States, rose by 4.7 percent, Lisbon, Portugal-based ILZSG said.