Global zinc market narrows deficit in May

LONDON: The global zinc market narrowed its deficit to 40,300 tonnes in May from a revised deficit of 108,200 tonnes in April, data from the International Lead and Zinc Study Group (ILZSG) showed on Monday.

In the first five months of the year, the zinc market was in a deficit of 178,000 tonnes versus a deficit of 133,000 tonnes in the same period last year. Mine output rose to 5,375,000 tonnes, up 6.3 percent from the first five months of last year.

ILZSG said zinc stocks at consumers, producers and in exchange warehouses fell to 1,208,300 tonnes in May from 1,260,400 tonnes in the previous month.