Global Lead production advance 3.1% on higher output in China, India
MUMBAI (Scrap Register): Global refined lead metal production advanced by 3.1 percent during the first eleven months of 2017 was mainly influenced by higher output in China and India that more than balanced a decrease of 8.6% in the United States, according to International Lead and Zinc Study Group (ILZSG).
Growth of 4.9% in global refined lead metal usage was principally a result of rises in China, the Republic of Korea and the United States. Apparent demand increased by 3.5% in Europe, influenced by increases in Germany and in the UK.
China’s imports of lead contained in lead concentrates fell 7.7% to 643kt. Chinese net imports of refined lead metal totalled 77kt compared to net exports of 11kt during the first eleven months of 2016.
Global lead mine production rose by 3.0% over the first eleven months of 2017 compared to the same period in 2016. This was mainly due to increases in China, India and Kazakhstan that more than offset a significant fall in Australia and reductions in Sweden and the United States.