Initial data compiled by the ILZSG for the year 2017 show that global market for refined zinc metal recorded a deficit of 495kt. Inventories held in LME, Shanghai Futures Exchange and Chinese State Reserve Bureau (SRB) warehouses together with those reported by producers, consumers and merchants decreased by 350kt to total 1025kt. Zinc mine output in India increased by a significant 33.7% in 2017. A rise in Peru was influenced by higher output at the Antamina mine, and in Eritrea by a rise at the Bisha mine which is now producing at close to full capacity. Zinc concentrates supply was also higher in Europe, Canada, Mexico and Turkey. As a consequence, and despite a further significant reduction in Australia, overall world production increased by 3.6% compared to 2016.
Updated On 17-Mar-2018
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