Global supply of refined lead metal exceeded demand – ILZSG

Refined LeadThe International Lead and Zinc Study Group released preliminary data for world lead supply and demand during 2012. The data compiled by the ILZSG indicate that in 2012 global supply of refined lead metal exceeded demand by 64 kilo tonne. Over the same period inventories reported by theLondon Metal Exchange Shanghai Future Exchange and producers and consumers increased by 23 kilo tonne totalling 628 kilo tonne the year end.

Global lead mine production increased by 11.5% compared to 2011. Output was higher in a number of countries including Mexico, Peru, the Russian Federation and Turkey, however the increase was principally due to a reported 20.4% rise in China.Other key results are:

Rises in output of refined lead metal in the India, the Republic of Korea, the United Kingdom and the United States were largely balanced by reductions in Australia, Kazakhstan, Morocco, New Zealand and Spain resulting in a limited global increase of 0.2%. Output in China was at the same level as in 2011.

Despite a further decline in European demand for refined lead metal of 2.4%, world usage increased by 1.3%. This was primarily a consequence of higher demand in India, Japan, Mexico and the United States. Apparent demand in China was unchanged from 2011. China’s imports of lead contained in lead concentrates rose by 26.3% to reach a record of just over a million tonnes.

Cash Settlement and Forward Three Month Prices on the LME averaged USD 2061 and USD 2073 respectively during 2012, 14% and 13.3% lower than during 2011. The highest Cash Settlement Price of USD 2340 was recorded on 31 December and the lowest of USD 1744 on 27 June.

Source: ILZSG

Gravita Reports 146% increase in its Q3 Net Profits

Lead and Lead Alloys ManufacturerGravita India Limited, Jaipur, has announced its Financial results for the quarter ended December 31, 2012. Consolidated Net total income for the quarter was Rs. 11307.01 Lacs, showing an increase of 59% over the total income for the corresponding quarter of previous year.

The EBITDA of the Company increased by 189% in Q3 FY 2012-13 compared to the corresponding quarter of previous year. Over the last 10 months, the Share of the Company has gained 21% outpacing the Sensex’s 14.5% gain. In addition to above the Board of Directors of the Company have declared 2nd Interim Dividend for the Financial Year 2012-13 @15% on total issued capital of the Company.

The Company has recently expanded its Plant operations at Jammu and Senegal by implementing upgraded Plant & Machinery. The Company is in the process of establishing a new plant in Gujarat. The Company’s Jaipur Plant is also under expansion of production capacity. See Results on Gravita India Ltd.

Company Profile:

Gravita India Ltd. is Leading Indian Company having state-of-the-art Lead Processing unit at Jaipur (Rajasthan), INDIA. We carry out smelting of Lead Ore / Lead Concentrate / Lead Battery Scrap to produce primary & secondary Lead Metal, which is further transformed into Pure Lead, Specific Lead Alloy, Lead Oxides (Lead Sub-Oxide, Red Lead, and Litharge) and Lead Products like Lead Sheets, Lead Pipes etc. with proven technology and processes.