April 27 (Reuters) – The global zinc market is forecast to register a deficit of 226,000 tonnes in 2017, while the lead market will be close to balanced, the International Lead and Zinc Study Group (ILZSG) said on Thursday.

Global demand for refined zinc is expected to rise by 2.6 percent to 14.3 million tonnes in 2017, compared with a 3.1 percent increase in 2016, the group said.

The ILZSG expects a 2.3 percent rise in global demand for refined lead to 11.39 million tonnes in 2017 and world refined lead metal production to increase by 2.2 percent to 11.39 million tonnes.

“There will be a close balance between global refined lead metal supply and demand in 2017,” it said.

(Reporting by Swati Verma in Bengaluru; Editing by David Goodman) – Sourced from Reuters