ILZSG Reported Modest Deficit in World Lead Market

SEATTLE (Scrap Monster): The latest edition of the monthly ‘Lead and Zinc Statistics Bulletin’ published by the International Lead and Zinc Study Group (ILZSG) suggests that world refined lead metal supply exceeded demand by 20kt during the first four months of 2022. The total reported lead stock levels declined by 27,000 tonnes during this period, said the press release.

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The global lead mine production increased marginally by 1.8% from January to April in 2022. The rise in mine output was primarily due to higher output reported by China and India, which more than balanced declines in other countries including Greece, Turkey and the U.S. The lead mine output totalled 4.079 million tonnes in Jan-Apr ’22, compared with 4.044 million tonnes a year before.

The refined lead metal production during this period has declined by 2.8%, as a result of lower output in China, Germany, the Republic of Korea, Ukraine and the U.S. Meantime, global lead metal usage recorded marginal decline from 4.556 million tonnes to 4.548 million tonnes over the year.

The ILZSG monthly statistics suggest that monthly global lead mine output totalled 1,032.5 kt in April this year. The global refined lead metal production totalled 1,158.6 kt, whereas global lead metal usage totalled 1,147.7 kt during the month.