ILZSG: Global Zinc and Lead Markets Shifted to Supply Shortages in March

SHANGHAI, May 23 (SMM) - Data released by the International Lead and Zinc Study Group (ILZSG) on Friday showed that in March 2022, the global zinc market was in short supply by 6,300 mt, and the surplus in February was revised to 26,500 mt. The ILZSG had previously reported a supply surplus of 14,300 mt in February.

The zinc market was oversupplied by 11,000 mt in January-March, compared with a surplus of 108,000 mt in the same period last year.

In March 2022, the global lead market was in short supply by 9,600 mt, and the surplus in February was revised to 3,600 mt. The ILZSG had forecast a lead market surplus of 7,800 mt in February.

The lead market was in short supply by 23,000 mt in January-March, compared with a surplus of 5,000 mt in the same period last year.