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To: LoneClone who wrote (168117)	10/26/2022 12:29:40 PM
From: LoneClone	Read Replies (1) \| Respond to of 192593

Global lead, zinc market to be in deficit for 2022, 2023 – ILZSG hellenicshippingnews.com in Commodity News 25/10/2022 Global refined lead and zinc markets are likely be in a deficit in both 2022 and 2023, the International Lead and Zinc Study Group (ILZSG) said. Global demand for refined lead will exceed supply by 83,000 tonnes in 2022. In 2023, a smaller deficit of 42,000 tonnes is expected, the ILZSG said. Refined lead output was seen falling in a number of countries in 2022, especially Russia, Ukraine and Germany, with global supply forecast to fall by 0.3% to 12.34 million tonnes. But supply was seen 1.8% higher at 12.56 million tonnes next year, benefiting from expected new capacity in Australia, Germany, India and the United Arab Emirates. Lead demand was forecast to increase by 0.8% to 12.42 million tonnes this year and by 1.4% to 12.60 million tonnes in 2023, the group said. Chinese demand was seen growing by a modest 0.3% this year, the ILZSG said, with a hit to demand from the automotive sector due to COVID-led restrictions offset by a rise in lead acid battery exports. Zinc will be in a 297,000 tonnes deficit in 2022 and 150,000 tonnes deficit in 2023, respectively. Global demand for refined zinc is forecast to fall by 1.9% to 13.79 million tonnes in 2022, but rise by 1.5% to 13.99 million tonnes in 2023. Production was seen falling by 2.7% to 13.49 million tonnes in 2022, primarily led by a substantial fall in Europe, the group said. In 2023, however, zinc output is expected to increase by 2.6% to 13.84 million tonnes