Lead Markets Will Be In Surplus Of 42000 Tonnes In 2013- ILZSG

Lead.....

Lead markets are expected to remain in surplus of 42000 tonnes in 2013. The International Lead and Zinc Study Group (ILZSG) has forecasted that the total mine production of lead in the world will be 5.43 million tonnes, up 3.5 percent. In China, markets are expected to grow a bit slow due to oversupply situation. China mine output is expected to grow by 4.7 percent.
Refined lead metal production of Lead is expected to reach 11.13 million tonnes, which is up by 4.8 percent from last year. China lead production is expected to increase by 6.2 percent. Refined metal production in Europe was expected to improve after restart of Glencore Kivcet plant. In Australia, production is expected to recover at Nyrstar port.
Global refined lead usage is expected to move up by 4.8 percent to 11.09 million tonnes in 2013. China usage is expected to grow by 6.7 percent. This will be majorly driven by rise in automotive and e-bike production. European demand is expected to increase by 1.9 percent after declining for two consecutive year's i.e 2011, 2012. US lead usage is expected at 1.2 percent.
Source by Commodity Insights