Ann: Company Update, page-53

Press release 17th January
http://www.ilzsg.org/generic/pages/list.aspx?table=document&ff_aa_document_type=R&from=1

• Provisional data reported to the ILZSG indicate that the global market for refined zinc metal was in deficit by 485kt over the first eleven months of 2017 with total reported inventories decreasing by 320kt over the same period.
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• Higher zinc mine production in Canada, Eritrea, India, Namibia and Peru influenced an increase in global output of 4.8%, more than offsetting reductions in Australia, Ireland and Sweden.
• Overall global output of refined zinc metal decreased by a marginal 0.3%, despite a sharp rise in India. This was primarily due to lower production in Canada, China, the Republic of Korea, Peru and Thailand.
• World usage of refined zinc metal rose by 1.9%, mainly driven by an increase in apparent demand in China of 2.1%. In Europe and the United States usage remained at a similar level to that in the same period of 2016.
• Imports into China of zinc contained in zinc concentrates increased by 27.0% to 935kt over the first eleven months of 2017. Chinese net imports of refined zinc metal rose by 47.1% to total 562kt of which 123kt was imported in November.