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HomeNewsGlobal zinc market swings to 14,300 T surplus in February -ILZSG

Global zinc market swings to 14,300 T surplus in February -ILZSG

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LONDON, April 22 (Reuters)The global zinc market moved to a surplus of 14,300 tonnes in February from a revised deficit of 17,500 tonnes a month earlier, according to data from the International Lead and Zinc Study Group (ILZSG).

Earlier, the ILZSG reported a deficit of 15,000 tonnes in January.

In the first two months of 2022, ILZSG data showed

a deficit of 3,000 tons against a surplus of 92,000 tons in the same period of 2021.

About 13.5 million tonnes of zinc are produced and consumed

every year.

The following figures are in thousands of tonnes.

Feb

Jan

January-February 2022

Jan-Feb 2021

Mining output

1,002.5

999.9

2002

1,942

Metal production

1,109.1

1,134.0

2,243

2,297

Use of metal

1,094.8

1,151.5

2,246

2,205

Balance

14.3

-17.5

-3

92

(Reporting by Eric Onstad, editing by Louise Heavens)

(([email protected]; +44 20 7542 7093; Twitter https://twitter.com/ReutersEricO; Reuters email: [email protected]))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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