Data below is sourced from the ILZSG - Sep forecast.Here is a...

Data below is sourced from the ILZSG - Sep forecast.

Here is a list of known mines closing in 2013.

- Perseverance Operation -115,000t
- Brunswick Mine -250,000t
- Kagara less zinc production = -20,000t
- Linsheen -300,000t (closing october 2013)

TOTAL -685,000t

Zinc Surplus 2011 +353,000t
Zinc Surplus 2012 +135,000t

Demand 2011 -12,850,000t
Demand 2012 -13,350,000t (3.74% +500,000t)

Global production +12,758,040t 2011
Global production +13,370,000t 2012

(4.8% +612,000t n.b. includes startup Burkina Faso's mine +90,000t)

2013:

Global production +14,011,000t + 4.8% 641,760
less Mine closures -595,000

Net global production +13,416,000

Demand 2013 -13,849,290 +499,290 (3.74%)

Zinc 2013 Deficit 13,849,290 - 13,416,000 = -433,290

Let's assume 300,000t of new production from several smaller mines...

Estimated zinc deficit or supply gap in 2013 -133,290

Interesting...stockpiles could fall from 850,000t to 700,000t by the end of 2013.

That 700,000t stockpile number is usually when zinc goes through the roof as speculators pile in.