The International Lead and Zinc Study Group released its Spring 2017 Meetings/Forecasts, which found that global demand for refined lead metal will increase 2.3% this year to 11.39 million tons.
The main reason? Further development in Chinese usage, which is projected to grow 4.3%.
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The ILZSG report states: “After increasing by a robust 9.8% in 2016, usage of lead metal in Europe is expected to remain unchanged in 2017. A stable outlook is also foreseen in Japan and the Republic of Korea. In both India and the United States modest growth of 1.5% is predicted.”
Lead Supply Update
Furthermore, the ILZSG report states that global lead mine production is projected to increase 4.3% to 4.92 million tons this year, due in part to growth in China and increases in Canada, Mexico, India, Greece and Kazakhstan.
The report concluded on lead: “After rising by 2.8% in 2016, world refined lead metal production is predicted to increase by a further 2.2% to 11.39 million tonnes in 2017. This will be primarily a consequence of higher output in China and India with smaller increases forecast in Belgium and the United States where Aqua Metals recently commissioned their new used lead-acid battery recycling plant in Nevada.”
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