Global refined zinc and lead markets face 2025 surplus
The global refined zinc and lead market will be in surplus this year, the International Lead and Zinc Study Group (ILZSG) said on Friday.
The group expects that global supply of refined lead will exceed demand by 82,000 metric tons in 2025 and global supply of refined zinc will exceed demand by 93,000 tons.
Global demand for refined lead is expected to increase by 1.5% to 13.19-million tons in 2025, the group said, with output forecast to rise 1.9% to 13.27-million tons owing to increases in China, India, Mexico and the United States.
In refined zinc, global demand is forecast to rise by 1% to 13.64-million tons this year while output grows by 1.8% to 13.73-million tons due to increased availability of concentrates.
After declining over the past three years as a consequence of planned and unforeseen mine closures, mined zinc output is forecast to rise by 4.3% to 12.43-million tons in 2025, the group noted.
Zinc was trading around 670 a ton on the London Metal Exchange on Friday while lead was trading around 955.
Source: Mining Weekly
Wednesday ۷th of May ۲۰۲۵ 21
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