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WBMS: World Lead Market In 37,600-Ton Surplus Jan-March
May 20,2010 08:56CST
industry news

LONDON, May 19, 2010 (Dow Jones Commodities News via Comtex) -- The global lead market was in a surplus of 37,600 metric tons between January and March, larger than the surplus recorded in the same period last year, the World Bureau of Metal Statistics said Wednesday

In January to March 2009 the lead market was in a 26,000-ton surplus, WBMS said.

Lead mine production in the first three months of 2010 was 964,900 tons, up 24% on the year. WBMS noted that Chinese output in last year's first quarter was low.

"Both production and demand appear to be substantially improved on the depressed January to March 2009 data," WBMS said.

In March 2010, refined lead production was 734,100 tons and consumption was 714,00 tons.


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