The global lead deficit narrowed to 33,000mt through the first 11 months of 2019 from 82,000mt a year earlier, according to the International Lead and Zinc Study Group (ILZSG).

 

Lead supply reportedly rose by 43,000mt in November 2019 to approximately 10.5mn mt from 10.1mn mt one month earlier, revealed the ILZSG data. However, supply decreased by 47,000mt between January and November 2019 to 106.9mn mt from 107.3mn mt during the same 11-month period in 2018.

 

Lead mining between January and November 2019 mirrored the same 11-month period a year earlier with around 4.2mn mt of production. Mine output increased in November 2019 to approximately 431,000mt from 409,000mt a month earlier.

 

ILZSG reported the global deficit for zinc significantly decreased to 170,000mt during the first 11 months of 2019 from 448,999mt during the same period in 2018. 

 

Zinc supply rose through the first 11 months of 2019 to 12.3mn mt from 12.1mn during the same period in 2018. Around 1.2mn mt of zinc was supplied in November, rising from 1.1mn mt a month earlier. Zinc mining rose slightly between January and November 2019 t 11.8mn mt from 11.6mn mt during the corresponding period a year earlier. Mine output was flat on a monthly basis at 1.1mn mt in November 2019. 

Leave a Reply

Your email address will not be published.