LONDON: The global zinc market deficit declined to 6,100 tonnes in October from a downwardly revised shortfall of 38,400 tonnes a month earlier, data from the International Lead and Zinc Study Group (ILZSG) showed.
Previously, the ILZSG had reported a deficit of 44,000 tonnes in September. During the first 10 months of 2021, ILZSG data showed a deficit of 93,000 tonnes versus a surplus of 476,000 tonnes in the same period of 2020. Around 13.5 million tonnes of zinc is produced and consumed each year. The following figures are in thousands of tonnes.
Oct Sept Jan-Oct 2021 Jan-Oct 2020 Mine 1,110.8 1,087.8 10,608 9,999 Production Metal 1,151.3 1,156.0 11,594 11,338 Production Metal usage 1,157.4 1,194.4 11,687 10,862 Balance -6.1 -38.4 -93 476
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