ILZSG: World Zinc Deficit Intensifies Remarkably despite Big Growth in Output January-May

SHANGHAI, Jul. 18 (SMM) - International Lead & Zinc Study Group (ILZSG) reported global zinc supply deficit expanded to 178,000 tonnes during January-May, compared to 133,000 tonnes deficit in the same period of 2016, according to wenhua.com.

Global zinc ore production increased 6.3% on a yearly basis to 5,375,000 tonnes during January-May.

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Global zinc supply deficit narrowed to 40,300 tonnes in May. Supply deficit was revised to 108,200 tonnes in April.

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ILZSG said zinc inventories at consumers, producers and bourses fell from 1,260,400 tonnes to 1,208,300 tonnes in May.

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