Excess zinc in the world markets fell
As the statistics «International Lead and Zinc Study Group» (an intergovernmental organization representing the group of major operators lead the market, and zinc from 28 countries), on the global trading floors formed a certain excess of refined zinc in the first half of this year, a total of 44 thousand. tons. «It's a decent amount, but the above-mentioned figure is significantly less than comparable figures for last year," — commented on the report by representatives ILZSG.
Recall: on previously published statistical information on the «International Lead and Zinc Study Group», in the first half of last year the world's zinc surplus reached the level of 157 thousand tons… Experts say that the total production of refined metal in the reporting period reached a level of 6.252 million. Tons, while the demand for it amounted to 6.095 million. Tons.
As analysts predict «Research and Markets», in the next five years the global zinc market is expected to grow by 4.4%, while the total capacity of the metal market in monetary terms (in their opinion — already in 2018) — will reach $ 34.4 billion. dollars. From expert statements that the constant increase in demand for this resource is used for the production of galvanized steel construction range, demand for casting of zinc and zinc alloys for the needs of the automotive industry, as well as investment infusion in infrastructure major economies will be in the future the main support for the development of industry. However, experts warn that producers of zinc in the future may be faced with negative factors such as rising costs for electricity and the constant desire of competitors to reduce production costs (thus improving its quality).
Meanwhile, the current situation on the market develops in the Zn less optimistic tone than portend positive-minded analysts. Recently, it was reported that the Belgian mining corporation «Nyrstar», which is the world's largest producer of zinc in the first half of this year, compared to the same period of 2012, reduced the release of zinc 4% (up to 519 ths. Tons). As for the Russian producers, that for the first half of this year, the total production of raw zinc in Russia, compared to the same period of 2012, decreased by 6.1%. Only in June 2013 compared with June 2012, the total zinc production fell by 13.2% in the country, and in comparison with May 2013 — by 11.2%.