WBMS: 2010 Global Zinc Market Revised To 402,000-Ton Surplus

LONDON, Mar. 16 -- The global zinc market recorded a surplus of 402,000 metric tons in 2010, the World Bureau of Metal Statistics said Wednesday.

The figure was revised up from a preliminary 2010 surplus estimate of 341,000 tons. WBMS also revised its 2009 global surplus to 254,000 tons from 248,000 tons.

Zinc mine production in 2010 totaled 12.12 million tons, up 6.9% from the year before. Refined production rose 12.2% to 12.78 million tons and consumption rose 11.2% to 12.37 million tons.