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
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
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.