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c Update on World Zinc Supply & Demand in Q1 of 2020

Metal News - Published on Tue, 02 Jun 2020

Image Source: Zinc
The International Lead and Zinc Study Group released preliminary data for world zinc supply and demand during the first quarter of 2020. According to preliminary data recently compiled by the ILZSG, the global market for refined zinc metal was in surplus by 239kt over the first three months of 2020 with total reported inventories increasing by 156kt.

World zinc mine production fell by 0.5%, mainly a result of decreases in Bolivia, China, Namibia, Turkey and Europe, where output was affected by declines in Finland, Ireland, Portugal and Sweden. This was partially offset by rises in Australia, Mexico, Peru, South Africa and the United States.

A 3.2% rise in global refined zinc metal production was mainly influenced by a substantial rise in China. Production also increased in Brazil, Finland and Norway, however, in Peru output was lower compared to the same period of 2019.

Demand for refined zinc metal fell by 4% globally, as a result of reductions in a number of countries and regions including Europe, India, Japan, the Korea Rep. and the United Sates.

Chinese imports of zinc contained in zinc concentrates rose by 27.8% to 479kt. Net imports of refined zinc metal totalled 68kt, an decrease of 50.8% compared to the first three months of 2019.

World Refined Zinc Supply and Usage 2015 – 2020
Heading20152016201720182019Jan-Mar'19Jan-Mar'20Dec'19Jan'20Feb'20Mar'20
Mine Production1362112599126141276312856298429701152.81029.9952.0988.5
Metal Production1380213559134861310213499321233141217.71148.21085.01080.5
Metal Usage1362713665139531364513691320430741218.21096.8944.51033.2
 

000 tonnes
Source: ILZSG

Source :

Posted By : Yogender Pancholi on Tue, 02 Jun 2020
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