Global zinc market deepens deficit in April

LONDON: The global zinc market deepened its deficit to 92,400 tonnes in April from a revised deficit of 72,700 tonnes in March, data from the International Lead and Zinc Study Group (ILZSG) showed on Wednesday.

In the first four months of the year, the zinc market was in a deficit of 112,000 tonnes versus a deficit of 20,000 tonnes in the same period last year. Mine output rose to 4,269,000 tonnes, up 7 percent from the first four months of last year.

ILZSG said zinc stocks at consumers, producers and in exchange warehouses fell to 1,260,400 tonnes in April from 1,355,100 tonnes in the previous month.