The latest report from the World Bureau of Metal Statistics (WBMS) reveals that in May 2024, global primary aluminum production reached 6.0053 million tons, with consumption at 5.9002 million tons, resulting in a supply surplus of 105,100 tons. From January to May 2024, global primary aluminum production totaled 29.5127 million tons, while consumption was 29.1502 million tons, leading to a supply surplus of 362,500 tons.
In May 2024:
- The global refined copper market had a supply surplus of 49,800 tons.
- The global zinc market experienced a supply surplus of 140,100 tons.
- The global refined lead market saw a supply surplus of 14,000 tons.
- The global refined nickel market faced a supply shortage of 1,700 tons.
- The global refined tin market had a supply surplus of 6,200 tons.
From January to May 2024:
- The global refined copper market had a supply surplus of 101,100 tons.
- The global zinc market experienced a supply surplus of 321,600 tons.
- The global refined lead market saw a supply surplus of 111,600 tons.
- The global refined nickel market had a supply surplus of 30,100 tons.
- The global refined tin market had a supply surplus of 28,800 tons.