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Gold/Mining/Energy : ZINC The base metal. News and Views. Symbol Zn -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Aloha who wrote (1941)	11/15/2006 6:08:44 PM
From: Stephen O	Respond to of 3270

Zinc Shortfall Grew in First 9 Months on China Demand 2006-11-15 11:25 (New York) By Chanyaporn Chanjaroen Nov. 15 (Bloomberg) -- The zinc production shortfall widened in the first nine months of 2006 as demand for the metal used to galvanize steel rose, driven by China, the International Lead and Zinc Study Group said. Consumption exceeded production by 304,000 metric tons in the period, compared with 241,000 tons a year earlier, the Lisbon-based group said today in a report on its Web site. Demand rose 4 percent to 8.2 million tons, the group said. Consumption in China, the world's largest user of the metal, expanded 7 percent to 2.3 million tons, according to the report. The U.S., the world's second-largest consumer, used 8 percent more, or 867,000 tons. The data showed that demand wasn't affected by a 74 percent gain in prices during the period. Zinc prices for delivery in three months on the London Metal Exchange finished September at $3,330 a ton, compared with $1,909 a ton at the end of 2005. Lead, used in car batteries, was in a production surplus of 1,000 tons during the first nine months of the year, as output at refineries worldwide grew 7 percent to 6 million tons while consumption rose 5 percent. Output from China, the world's largest producer of the metal, jumped 19 percent to two million tons from a year ago. Consumption in the country, also the world's largest consumer, gained 17 percent to 1.6 million tons. --Editor: Casey (kkl).