Zinc study group now sees market surplus for 2023

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The global refined zinc market will see a surplus of 248 000 metric tons in 2023 compared with a previously forecast deficit of 45,000 tons due to slower than expected demand growth, the International Lead and Zinc Study Group (ILZSG) said on Monday. Prices for zinc are down 16% so far this year following last year's slump in demand from China, the world's largest consumer.

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