Fri, Oct 24, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Market Moves, Metals and Minerals more

ILZSG: Global zinc, lead markets to be in deficit again in 2014

Posted on 04 April 2014

Demand is expected to continue to outstrip supply in the global markets for zinc and lead in 2014, the International Lead and Zinc Study Group said Thursday. The group, which met in Lisbon, Portugal this week, said the world market for refined lead metal will remain in modest deficit with the extent of the shortage estimated at 49,000 metric tons.
It added that global demand for refined zinc metal will likely exceed supply in 2014 by 117,000 tons. The ILZSG expects that global demand for refined lead metal will increase by 4.4% in 2014 to 11.73 million tons. “This will be driven mainly by growth in China where usage is forecast to increase by 7.4%,” it said. In 2013, China accounted for 45.2% of total global lead usage………………………………Full Article: Source


 Article link

This post was written by:

VRS - who has written 37629 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
October 2014
S M T W T F S
« Sep    
 1234
567891011
12131415161718
19202122232425
262728293031