The International Lead and Zinc Study Group (ILZSG) released its findings for June, showing global refined lead metal demand exceeded supply during the first four months of the year.
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In addition, the ILZSG report revealed total reported stock levels increased during that same time frame. An increase in worldwide lead mine production, to the tune of 13% year-over-year (compared to the first four months of 2016), is primarily the result of increased production in China.
Furthermore, a global refined lead metal output increase of 8.4% can be attributed to India, China and the United States.
The ILZSG report states: “A sharp rise in net imports was the main influence on an increase in US apparent demand of 22.8%. There was also a strong rise in Chinese apparent usage of 16.4%. European demand increased by a more modest 1.5% with overall global demand up by 11.15%.”
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