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Statistical and Forecasting Committee LEAD AND ZINC MARKET OUTLOOK FOR 2007 AND 2008. Paul White Head of Forecasting and Statistics, ILZSG 4 October 2007, Lisbon. Further Zinc Industry Consolidation in 2007.
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Statistical and Forecasting CommitteeLEAD AND ZINC MARKET OUTLOOKFOR 2007 AND 2008 Paul White Head of Forecasting and Statistics, ILZSG 4 October 2007, Lisbon
Further Zinc Industry Consolidation in 2007 • Umicore and Zinifex zinc smelting and alloying businesses merged to form world’s largest producer of zinc metal, Nyrstar International Lead and Zinc Study Group
Lead Stocks and Prices International Lead and Zinc Study Group
World Lead Metal Usage Annual Change: • 2007 +4.1% • 2008 +4.1% International Lead and Zinc Study Group
Chinese Lead Demand Growth • Increases in vehicle production and population • Electric bicycles • Rising demand for back-up power • Battery exports International Lead and Zinc Study Group
Lead Demand Growth - China vs Rest of the World 2002-2008f International Lead and Zinc Study Group
World Lead Mine Output Annual Change: • 2007 +5.5% • 2008 +10.4% International Lead and Zinc Study Group
World Lead Mine Output • Opening of San Cristobal, Bolivia • Increases in China, Macedonia, Portugal, Russia, Sweden • Australian output affected by Magellan closure International Lead and Zinc Study Group
World Lead Metal Output Annual Change: • 2007 +3.9% • 2008 +5.4% International Lead and Zinc Study Group
World Lead Metal Output • New plants in Henan and Inner Mongolia, China • Higher production in Canada, Russia, U.K. and U.S. International Lead and Zinc Study Group
Chinese Lead Trade International Lead and Zinc Study Group
Lead Metal World Balance International Lead and Zinc Study Group
Zinc Stocks and Prices International Lead and Zinc Study Group
World Zinc Metal Usage Annual Change: • 2007 +3.0 % • 2008 +5.1 % International Lead and Zinc Study Group
Zinc Demand Growth - China vs Rest of the World 2002-2008f International Lead and Zinc Study Group
China’s Infrastructure Requirements Source: China Metals International Lead and Zinc Study Group
World Zinc Mine Output Annual Change: • 2007 +7.4% • 2008 +9. 5% International Lead and Zinc Study Group
World Zinc Mine Output • San Cristobal in Bolivia is 8th largest zinc mine in world • Number of new operations in Australia and Canada in 2007 and 2008 • Higher output at Antamina, Peru • Increases in China, Brazil, India, Ireland, Kazakhstan, Macedonia, Mexico, Portugal, U.S. and others International Lead and Zinc Study Group
World Zinc Metal Output Annual Change: • 2007 +5.9% • 2008 +7.8% International Lead and Zinc Study Group
World Zinc Metal Output • 2nd 170mt plant to open at Chanderiya, India • Higher European output • Modified Big River Zinc in U.S. to reopen in 2008 • Increases in Australia, Kazakhstan, Korea, Mexico and Thailand International Lead and Zinc Study Group
Chinese Zinc Trade International Lead and Zinc Study Group
Zinc Metal World Balance International Lead and Zinc Study Group
Statistical and Forecasting CommitteeLEAD AND ZINC MARKET OUTLOOKFOR 2007 AND 2008 Paul White Head of Forecasting and Statistics, ILZSG 4 October 2007, Lisbon