A slowdown in output from mines will push the lead ore market into deficit as early as 2016 due to insufficient investment, said Paulo Cabrejos, commercial manager at Volcan Cia. Minera SAA. (VOLCABC1)
The shortfall may come earlier if planned new mines in “complicated places” such as Iran, Algeria or Argentina are delayed, Cabrejos said at a Metal Bulletin conference in Warsaw today. “Secondary production will be more and more important, especially in developing countries,” he said.
The market for lead concentrate should reach a deficit of about 146,000 metric tons in 2016, Cabrejos estimates. Refined lead output will exceed demand by 97,000 tons this year, compared with a 157,000 ton surplus last year, according to a report by Barclays Capital on April 12.
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