Lead & Zinc

Similar per capita consumption trend of refined zinc, lead, and copper

Refined zinc, lead, and copper per capita consumption survey

Generally, the per capita consumption trend of refined zinc, lead, and copper has been increasing in 2002-22. The refined lead and zinc per capita consumption decreased by 1.1% and 5.3% respectively in 2009 due to the 2008 financial crisis beginning.

Refined copper per capita consumption faced a 0.9% drop in 2009. Although, zinc consumption decreased in the USA in view of the financial crisis, the increase in China’s consumption compensated for this drop. Also, the per capita consumption of copper decreased along with the higher growth of population than copper consumption growth. Because of the EU Debt Crisis, lead and zinc per capita consumption decreased, but copper per capita consumption was not affected vastly by it due to the fact that the largest copper producers and consumers are in America and Asia.

ata_khaliliSimilar per capita consumption trend of refined zinc, lead, and copper
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Keeping production levels despite environmental restrictions

China's lead production in q2 2022

The analysis of China’s lead ingot production statistics in q2 2022 indicates a relatively significant growth in production y/y. Although the review of cumulative production statistics until the end of H1 2022, shows not significant difference in the production volume during the H1 of 2022 and 2021.

With the Covid-19 outbreak in March 2022, the increase in demand has occurred due to the lack of supplying goods following the consequences of the pandemic, and this caused the inventory to decrease by 4% in March, reached 4.4kt. Therefore, the production growth in May 2022 compared to 2021 was aimed at compensating the inventory drop in and meeting demand.

ata_khaliliKeeping production levels despite environmental restrictions
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Global lead production returns to pre-Covid-19 levels, with China’s production growth

Investigating lead mining and recycling production

Global lead production will increase by around 2% y/y in 2021, which is the result of production growth in China and India. Global production of mineral lead is estimated to increase by 2.9% to 4.71Mt in 2022, with the participation of China, India, and Kazakhstan.

China, Australia, and the US accounted for the highest volume of lead mineral production in 2021, with about 2Mt, 500kt, and 300kt, respectively. Global lead production is increasing with higher demand for lead-acid batteries from the automotive and electric bicycle sectors, especially from China and the US.

ata_khaliliGlobal lead production returns to pre-Covid-19 levels, with China’s production growth
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