Global lead market deficit narrows in July, ILZSG says

ReutersSep 26, 2025 11:04 AM

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LONDON, Sept 26 (Reuters) - The global lead market deficit shrank to 5,600 metric tons in July from 19,100 tons in June, data from the International Lead and Zinc Study Group showed.

During the first seven months of 2025 there was a global surplus of refined lead metal of 30,000 tons, compared with a surplus of 10,000 tons in the same period last year.

The following numbers are in thousands of metric tons.

	July 2025	June 2025	Jan-July 2025	Jan-July 2024
Mine production	379.30	391.90	2,571	2,562
Metal production	1,094.00	1,085.10	7,702	7,537
Metal usage	1,099.60	1,104.20	7,672	7,527
Balance	-5.60	-19.10	30	10

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