Zinc
But, these were partially offset by output rises in Peru and Europe, ILZSG noted.
The world zinc mine production is forecast to rise by 4.3% to 12.43 million tonnes in 2025.
However, the output surged higher in Bolivia, Mexico and Congo.
It is anticipated that the demand for refined zinc will rise 1.8% globally to 13.83 million tonnes in 2024 and then 1.6% globally to 14.04 million tonnes in 2025.
During H1 this year, global zinc mine production recorded modest decline by 3.4% upon comparison with the corresponding period a year before.
The refined zinc metal production during Jan-Apr ‘24 totalled 4.519 million tonnes.
The European mine output is expected to decline further by 7.9% in 2024, after recording a fall by 6.2% during 2023.
The monthly global zinc mine output totalled 1.058 million tonnes in October this year.
The Chinese usage is forecast to recover by 3% this year, following a significant decline in 2022.
The production dipped in Brazil, Greece, Ireland, Kazakhstan and Burkina Faso as well, said ILZSG report.
The modest fall of 3.2% in global usage of refined zinc metal was mainly on account of reduced usage in countries such as China, France, Japan, the Russian Federation and Ukraine.
The refined zinc metal production during Jan-June ’22 totalled 6.771 million tonnes, marginally lower by 2.6% when compared with the 6.952 million tonnes a year before.
The refined zinc metal production during Jan-Apr ’22 totalled 4.535 million tonnes, marginally lower by 2.2% when compared with the 4.639 million tonnes a year before.
During the first ten months of 2021, global zinc mine production recorded modest growth of 6.1% upon comparison with the corresponding period a year before.
The world zinc mine supply is forecast to rise by 4.7% to 12.85 million tonnes in 2021.
The world refined zinc metal output edged higher marginally to 4.634 Mt in Jan-Apr ‘21. Â
China is expected to remain as the world’s largest zinc producer, although its share of global production is likely to drop.
The lead mine production totalled 1.099 million tonnes in Jan-Mar ‘20.
The zinc prices are expected to average around $2,250/tonne in 2020, significantly lower than the 2019 average of $2,507/tonne.
The world zinc mine production will increase by 2% to 13.02 million tonnes during the current year.
The global refined zinc metal usage at 6.647 Mt, was a slightly higher over 6.632 Mt in Jan-June ’18.
The world zinc mine production rose marginally by 1.4%, mainly on account of notable increase in Australia.
The world refined zinc metal output remained more or less flat at 13.279 Mt in 2018.
The global refined zinc metal usage witnessed a decline of 1.1%.
The world zinc mine production too registered marginal increase by 1.2% over the previous year to total 9.415 million tonnes during the first three quarters of 2018.