ILZSG：2025年全球锌市为供应短缺3.3万吨

Group 1 - The global refined zinc consumption is projected to reach 1,239.8 thousand tons by December 2025, an increase from 1,214.9 thousand tons in November 2025, driven by rising demand in regions such as China, India, the US, Saudi Arabia, Thailand, and Europe [1][2] - Global refined zinc production is expected to grow by 2.1% in 2025, primarily due to a 6.1% increase in production from China, while production outside of China is projected to decline by 1.6% [1] - The global zinc market is anticipated to experience a supply shortage of 41.9 thousand tons in December 2025, slightly improved from a shortage of 45.7 thousand tons in November 2025 [1][3] Group 2 - The global mined zinc production is forecasted to increase by 5.4% in 2025, supported by production growth in Australia, China, India, Iran, Peru, South Africa, and the Democratic Republic of the Congo [1] - In Europe, mined zinc production has risen due to the reopening of the Tara mine in Ireland and increased output from Russia, Bosnia, and Herzegovina, offsetting declines in Brazil, Eritrea, Kazakhstan, and the US [2] - China's zinc concentrate imports surged by 29.8% to 2.58 million tons, while net imports of refined zinc halved to 210 thousand tons [2]