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India
[India]
Posted on : Jun 07, 2018

Lead - Outlook for 2018


Usage: It is anticipated that global demand for refined  lead metal will rise by 2.7% this year to 11.90 million  tonne,  mainly  as a consequence of increases in apparent usage in China and the United  States which are forecast to grow by 3.4% an d 3.1% respectively. Usage of lead metal in Europe is expected to grow by 2.1%, influenced by a further 4.5% rise in Italy. A stable outlook is foreseen in Japan and the Republic of Korea.


Supply: After growing by a marginal 0.4% in 2017, world lead mine production is forecast to rise by 4.2% to 4.90 million tonne in 2018, primarily a consequence of an expected increase in Australian output during the  second  half of the year. In Cuba, production is predicted  to rise as a result of higher output at the Castellanos mine. Chinese output is expected to grow by 1.2%.


An anticipated increase in world refined lead metal output of 3.8% to 11.88 million tonne in 2018 will be mainly influenced by further rises in China and the United States. Chinese output is forecast to rise  by 4.7% and in the US by 10% , recovering after a significant reduction in 2017.


World refined lead metal balance: Having taken into account all of the information recently received from its member countries, the Group anticipates that global demand for refined lead metal exceed supply by 17kt in 2018.

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