Commodity Online reported that according to the International Lead and Zinc Study Group, the world Lead market will be in surplus for 2011 and 2012.
As quoted in the market news:
“The Group expects that global usage of refined lead metal will increase by 6.1 percent to 10.15 million tonnes in 2011 and a further 4 percent to 10.56 million tonnes in 2012. Rises in global lead mine production of 7.8 percent in 2011 and 6.2 percent in 2012 will be mainly a consequence of higher output in China, India and Mexico and the opening of new mines in Tajikistan and Uzbekistan” ,” ILZSG said in a statement
“An increase in world refined lead metal production of 7.3 percent this year to 10.34 million tonnes will be primarily influenced by the opening of a significant volume of capacity in China together with increases in Australia, Germany, India and the Republic of Korea”