This news article was originally written in Spanish. It has been automatically translated for your convenience. Reasonable efforts have been made to provide an accurate translation, however, no automated translation is perfect nor is it intended to replace a human translator. The original article in Spanish can be viewed at La demanda de zinc crece un 2,5% por el aumento de pedidos de China
The demand for zinc increases 2.5% by the increase in orders from China
15/02/2004
Zinc consumption grew by 2.5 percent in 2003, mainly by the increase in the demand for material from China, according to a study by the International Lead & Zinc group. The set of global demand reached 9.6 million metric tons, estimated the report of the group based in London. On the other hand, the increase in the price of the material in 2003 responded to the metal overproduction estimated at about 120,000 tonnes.
The production of zinc material used mainly to produce corrosion resistant steel, rose a 0.7 per cent to 9.8 million tonnes. Chinese demand was increased by 8.6 per cent in 2003, while the American fell by six percent, due to the decrease in car production and investment falling in the nonresidential construction sector.
Lead & Zinc, however, claims that the increase in the consumption of zinc in China failed to offset a strong rise in the production of the metal in Asia, Australia and Peru.
