Global Market for Refined Zinc Recorded Notable Surplus

SEATTLE (Scrap Monster): The latest report published by the International Lead and Zinc Study Group (ILZSG) states that global market for refined zinc metal recorded a surplus of 31kt during the initial four-month period in 2021.

According to ILZSG Statistics Bulletin, the global zinc mine production rose substantially by 11.3% from 3.713 million tonnes (Mt) in Jan-Apr ‘20 to 4.134 Mt in the first four months of the current year. The zinc mine output recorded substantial growth in Australia, Bolivia, China, India, Ireland, Mexico, Peru, South Africa and the United States. However, output recorded decline in other countries such as Canada, Finland, Kazakhstan, Namibia and Poland.

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The world refined zinc metal output edged higher marginally to 4.634 Mt in Jan-Apr ‘21.  The output had totalled 4.435 Mt in the corresponding four-month period in 2020. The 4.5% year-on-year surge was mainly led by China, India, Italy, Japan, Peru and the United States, ILZSG noted.

The global refined zinc metal usage at 4.603 Mt, was significantly higher, compared to 4.179 Mt in Jan-Apr ‘20.

The worldwide zinc mine production totalled 1.062 Mt in April this year alone. The zinc metal production and usage totalled 1.162 Mt and 1.189 Mt respectively during the month, ILZSG said.