ILZSG sees world lead market surplus, zinc market deficit in 2026
Geopolitics · Kitco ·
The International Lead and Zinc Study Group forecast a global lead market surplus of 109,000 metric tons in 2026 and a zinc market deficit of 19,000 metric tons in the same year. The deficit projection points to tight zinc supply ahead even as Chinese mine output and refined production continue to ramp, while the lead surplus reflects softer battery demand.