ILZSG Announced 2022 Lead Metal Market Trends

SEATTLE (Scrap Monster): The International Lead and Zinc Study Group (ILZSG) announced publication of preliminary data for world lead supply and demand during the previous year.

The data suggests that global demand for refined lead metal exceeded supply by 99kt in 2022. The inventories of the metal with the London Metal Exchange (LME), Shanghai Futures Exchange (SHFE), producers, merchants and consumers totalled 314kt at end-2022, down by 84kt from the year before.

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The world lead mine supply recorded marginal decline by 1.5% during the year, with rise in supply from South Africa nearly balancing shortages in Australia, China, Greece, Peru and the U.S.

The refined lead metal output declined by 0.7%, despite increases in China, India, Japan and Taiwan. Meantime, the output from secondary raw material accounted for 65.5% of the global production in 2022.

The global demand for refined lead metal rose modestly by 0.5%, mainly driven by China, India, Japan and the U.S, said ILZSG data.

The lead mine production and metal production totalled 4.495 million tonnes and 12.296 million tonnes respectively during the previous year. The lead metal usage for the full year 2022 stood at 12.395 million tonnes.