Commodities Buzz: Lead, Zinc Global Refined Production Up In 2022, Says WBMS

17 Jun 2022 , 02:35 PM

According to a latest update from World Bureau of Metal Statistics or WBMS, the lead market recorded a deficit of 82 kt in January to April 2022 which follows a deficit of 131.9 kt recorded in the whole of 2021. Total stocks at the end of April were 17 kt lower than at the end of 2021. World refined production during January to April 2022 from both primary and secondary sources was 4681.7 kt which was 0.4 per cent higher than in the comparable months of 2021. April metal balances for refined lead recorded production at 1157.3 kt and demand at 1162.2 kt. Meanwhile, the zinc market was in surplus by 76.6 kt during January to April 2022 which compares with a deficit of 99.4 kt recorded in the whole of the previous year, the agency stated. Global refined production rose in January to April 2022 by 0.9 per cent and demand was 0.8 per cent lower compared to the levels recorded one year earlier. April metal balances for slab zinc recorded production at 1176.2 kt and demand at 1141.8 kt. Powered by Commodity Insights