Chinese Lead concentrate imports to fall to below 0.9 million tons in 2016: ILZSG

CHINA May 10 2016 5:22 PM

LONDON (Scrap Register): After reaching a record 1.03 million tons in 2015, Chinese imports of lead contained in lead concentrates are forecast to fall to just under 0.9 million tons in 2016, said ILZSG in a research note.

According to n anticipated 2.3% rise in global refined lead metal production to 10.90 million tons will be principally influenced by increased output in China and the Republic of Korea where Korea Zinc recently commissioned a new 130,000 ton per year capacity lead plant in Ulsan.

An expected fall of 6.1% in ex-China production will be primarily due to reductions in Australia resulting from the closure of MMG’s Century mine in August last year and cutbacks announced by Glencore, CBH Resources and Perilya.