The International Lead and Zinc Study Group released its first report of the new year and found the global market for refined zinc was in surplus by 176 kilotons from January to November 2015 with total reported inventories falling by 5 kt during that timeframe.
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Other findings by the ILZSG from January to November 2015 include:
- Global zinc mine production was at a similar level when compared to the same time frame in 2014 with increases in Australia, Peru, India, Sweden and the Russian Federation offset by decreases in Ireland, China, Bolivia, Canada, Turkey and Namibia
- Global refined zinc production saw an increase of 2.1% in China and 2.7% in Europe, which, in part, offset declines in Japan, India, the US and the Republic of Korea, leading to an overall worldwide rise of 1%.
- Global refined zinc production increased by 4.5%, mainly influenced by higher output from India and China
- Chinese imports of zinc and zinc concentrates combined to a record 1,275 kt during that same timeframe, a 60% increase compared to the same period in 2014
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