01
2021
-
03
2020 global mineral supply and demand data revealed! Which minerals will be in short supply in the future?
Recently, the World Bureau of Metal Statistics (WBMS) announced the global supply and demand of some mineral products in 2020. From the annual data, the mineral products with excess supply are aluminum, nickel and zinc, and the mineral products with shortage supply are copper, lead and tin.
Source: Mining Industry
Recently, the World Bureau of Metal Statistics (WBMS) announced the global supply and demand of some mineral products in 2020. From the annual data, the mineral products with excess supply are aluminum, nickel and zinc, and the mineral products with shortage supply are copper, lead and tin.
Copper: Supply Shortage
The global copper market is short of 1.391 million tons in January-December 2020, following a supply shortage of 383000 tons for the whole of 2019.
Inventory reported at the end of December 2020 was 76000 tons lower than the level at the end of December 2019. These included net deliveries of 38900 tonnes at ME warehouses and an increase in COMEX inventories of 33500 tonnes. From January to December, Shanghai stocks decreased by 48500 tons.
Global mine copper production was 20.79 million tonnes in January-December 2020, flat compared to 2019. Global refined copper production in 2020 was 23.94 million tons, an increase of 2% over the same period last year, with significant increases in China and Chile, increasing by 1.032 million tons and 60000 tons respectively.
Global demand is 25.33 million tons in 2020 and 23.86 million tons in 2019. China's apparent demand in 2020 is 14.99 million tons, an increase of 17.1 percent from 2019.
In 2020, copper production in the 28 EU countries will increase by 3.5 year-on-year, and demand will decline by 155000 tons year-on-year.
In December 2020, refined copper production was 2.1828 million tonnes and demand was 2.2745 million tonnes.
Aluminium: Oversupply
The global primary aluminum market has an oversupply of 1.546 million tons in January-December 2020 and 462000 tons for the whole of 2019.
The demand for primary aluminum in 2020 is 64.77 million tons, 422000 tons less than in 2019.
Primary aluminum production increased by 1% in 2020. Total reported inventories decreased slightly in December and were 110000 tonnes lower at the end of December than the December 2019 level.
Shanghai stocks increased steadily in the beginning of the year, but fell in the second quarter to 225300 tons at the end of December. It was 185100 tons at the end of December 2019. LME stocks are 1.341 million tons, compared to 1.473 million tons at the end of 2019.
Global primary aluminum production in 2020 increased by 1% over the same period last year. Based on the increase in the supply of imported bauxite and alumina, China's production is estimated to be 37.08 million tons, which currently accounts for about 56% of global production. China's apparent demand increased by 64% compared to 2019, and semi-finished product production increased by 10%. China became a net importer of unwrought aluminium in 2020. In 2020, China's net export volume of semi-finished aluminum products was 4.807 million tons, compared with 4.265 million tons in 2019. Exports of semi-finished aluminum products fell 10% year-on-year.
In 2020, primary aluminum production in the 28 EU countries decreased by 0.5 percent year-on-year, and production in the North American Free Trade Area (NAFTA) increased by 4.0 percent.
In 2020, the demand for primary aluminum in the 28 EU countries will decline by 1.094 million tons year-on-year. In 2020, global demand will decrease by 0.6 per cent year-on-year.
In December 2020, primary aluminum production was 5.7575 million tons and demand was 5.594 million tons.
Nickel: Oversupply
From January to December 2020, the global nickel market has an oversupply of 53200 tons. In 2019, the global nickel market was short of 27600 tons.
At the end of December 2020, LME held reported nickel inventories 94700 tonnes above end -2019 levels.
From January to December 2020, global refined nickel production totaled 2.4191 million tons and demand was 2.3659 million tons.
In January-December 2020, global mine nickel production was 2.2735 million tonnes, 321000 tonnes lower than the same period in 2019. China's smelter/refinery production fell by 124000 tonnes compared to the same period in 2019, with apparent demand of 1.3097 million tonnes, an increase of 5000 tonnes year-on-year.
From January to December, the global apparent demand decreased by 66000 tons compared with the same period last year.
In December 2020, the global smelter/refiner's nickel volume was 216700 tons and the demand was 220300 tons.
Zinc: Oversupply
The global zinc market has an oversupply of 589000 tons from January to December 2020 and a supply shortage of 76000 tons for the whole of 2019.
The January-December period reported an increase in inventories of 151000 tons, including a net increase of 4800 tons in Shanghai.
LME inventories increased in January-December to 151000 tonnes above the level at the end of December 2019. LME zinc stocks account for 24% of the global total, most of which are stored in warehouses in Asia and the United States.
Global refined zinc production rose 0.8 per cent year-on-year, while demand fell 4.1 per cent from a year ago.
Japan's apparent demand was 367700 tons, a decrease of 29% from 2019.
Global demand for refined zinc fell by 557000 tonnes compared to 2019. China's apparent demand is 6.758 million tons, accounting for 51% of the global total.
In December 2020, global zinc sheet production was 1.2306 million tons and demand was 1.2278 million tons.
Lead: Supply Shortage
From January to December 2020, the global lead market has a supply shortage of 47000 tons, after a supply shortage of 246000 tons in 2019.
Total inventories at the end of December were 66400 tonnes higher than at the end of 2019.
Global refined lead production in January-December 2020 was 13.261 million tonnes, an increase of 4.6 per cent over the same period in 2019.
China's apparent demand is estimated at 6.476 million tons, an increase of 560000 tons over the same period in 2019, accounting for about 49% of the global total. Apparent demand in the United States decreased by 120000 tons year-on-year in January-December 2020.
In December 2020, refined lead production was 1.2982 million tonnes and demand was 1.3001 million tonnes.
Tin: Supply Shortage
From January to December 2020, the global tin market has a supply shortage of 12200 tons.
Global reported total inventories are 5300 tonnes lower than the 2019 level.
In January-December 2020, global reported refined tin production increased by 4000 tonnes compared to the same period last year.
China's apparent demand increased by 38% over the same period last year.
In January-December 2020, global demand for tin was 383600 tonnes, an increase of 4.6 per cent over the same period last year. Japanese demand was 20200 tonnes, down 19% from 2019.
In December 2020, global refined tin production was 36600 tonnes and consumption was 35800 tonnes.
Previous article
Previous article
RELATED INFORMATION
Pay attention to lotus mountain drilling tools:
Contact Us
Address: Lianhua Mountain, Yangjiazhangzi Economic and Technological Development Zone, Huludao City, Liaoning Province, China
Telephone:0086-429-4428053 0086-429-4428052
TikTok
WeChat Public Number
Privacy Policy Website construction:China Enterprise Power Jinzhou SEO Tags