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WBMS: World Lead Mkt In 6,000-Ton Deficit Jan-Aug

WBMS: Global Aluminum Mkt In 1.361 Mln-Ton Surplus Jan-Aug

LONDON, Oct. 22 -- The world refined lead market was in deficit by 6,000 metric tons in January to August, the World Bureau of Metal Statistics said Wednesday.
&nbsp;&nbsp;&nbsp; This compares with a 47,000-ton deficit in the same period a year ago, the WBMS said.
&nbsp;&nbsp;&nbsp; World refined zinc production declined 0.7% during the period to 5.784 million tons.
&nbsp;&nbsp;&nbsp; World refined zinc demand was &quot;fractionally lower&quot; on the year at 5.790 million tons. Greater demand in Asia failed to fully offset a 20% decline in Europe and a 12.1% drop in U.S. consumption.
&nbsp;&nbsp;&nbsp; Chinese demand rose 492,000 tons to 2.541 million tons during the January to August period.
&nbsp;&nbsp;&nbsp; World zinc mine production totaled 2.521 million tons, with China dominating as the biggest producer, the WBMS said.
&nbsp;&nbsp;&nbsp; Reported inventories rose by 63,000 compared with the end of 2008.
&nbsp;&nbsp;&nbsp; In August, refined lead production was 783,600 tons and consumption 787,600 tons, leaving a deficit of 4,000 tons.
&nbsp;&nbsp;&nbsp; (Source: Dow Jones)

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