Zinc and Lead Surplus Grows as Economic Uncertainty Clouds Outlook
The oversupply of lead has entered its third straight year while zinc is experiencing its first year of oversupply. These two metals are often called sister metals because they are usually extracted from similar ore material. Their “sisterhood” just took on additional meaning as their markets are predicted to be oversupplied this year. The ILZSG, or International Lead & Zinc Study Group, just met for the first of their two scheduled meetings this year and the forecasts they released further strengthened bearish sentiments for these two metals. The group revealed that zinc and lead experienced a drop in their utilization…