Tag: global base metals outlook

ILZSG forecasts surplus for global lead market, deficit for zinc in CY’26

Apr 23, 2026

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by

Prerana Rout

in Non Ferrous, Zinc

ILZSG has forecast a global refined lead surplus of 109,000 t in CY’26, while a 19,000-t deficit is seen for zinc. Lead demand is expected to rise 1.1% to 13.72 mnt, with output at 13.83 mnt, whereas zinc demand may grow 1.3% to 14.00 mnt, against supply of 13.99 mnt, indicating tighter market fundamentals.