TSXV:CNX - Post Discussion
Post by
Goodtoreadthis1 on Mar 15, 2022 3:55pm
Zinc report
The world's largest zinc producing countries in 2021 - report
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!
(Kitco News) - According to preliminary data by the U.S. Geological Survey (USGS), global mine zinc production in 2021 reached 13.0 million metric tonnes, an 8% increase compared to 2020 (12.0 million tonnes).
USGS said that estimated global zinc production in 2021 increased from that in 2020, when mine production was constrained in some countries because of Government-mandated lockdowns and a decrease in zinc prices following the onset of the global COVID-19 pandemic.
Global mine zinc production, thousand tonnes. 2021* preliminary estimates. Source: USGS.
The world’s largest mine zinc producer in 2021 was China (4.2 million tonnes), followed by Peru (1.6 million tonnes) and Australia (1.3 million tonnes).
Largest zinc producing countries, thousand tonnes. 2021* preliminary estimates. Source: USGS.
USGS added that - according to the International Lead and Zinc Study Group - estimated global refined zinc production in 2021 was forecast to increase slightly to 14.13 million tonnes and estimated metal consumption to increase by 6% to 14.09 million tonnes, resulting in a production-to-consumption surplus.
Be the first to comment on this post