According to data from the International Lead and Zinc Study Group (ILZSG), the global lead market experienced a shift to a deficit of 15,800 metric tons in May 2024, following a surplus of 2,000 tons in April. This change marks a significant turnaround in the market dynamics.
For the first five months of 2024, the market recorded a surplus of 32,000 tons, contrasting with a deficit of 81,000 tons during the same period in 2023. This indicates a notable improvement in supply conditions compared to the previous year.
Global Lead Market Flips to Deficit in May, ILZSG Says