More Supply on the Horizon

摘要

In 2017, AME expects global zinc in concentrate production to rise 3.7% to 13.4Mt. A larger 6.7% increase to14.3Mt is forecast for 2018, mainly due to new production from MMG’s 170ktpa Dugald River and Vedanta’s250ktpa Gamsberg mines. In 2019, concentrate supply growth will ease to 4.6% for 14.9Mt output and the marketwill move back into balance. Global finished zinc supply will fall 0.7% in 2017 to 13.6Mt as the lack of availablezinc concentrate has limited finished supply. In 2018, global finished zinc supply will grow by 5.3% to 14.4Mt asadditional capacity enters the market, including the restart of American Zinc Recycling’s Mooresboro smelter andIndustrias Pe?oles’ 120kt expansion of its 240ktpa Torreon smelter. In 2019, global finished zinc supply will be14.9Mt, 4.6% higher than 2018.