Commodity Market Report
Global lead long-term outlook Q1 2021
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The coronavirus continues to dominate the current and future prospects for lead markets, with fallout anticipated to last for years, if not decades. However, the resilience of lead demand has exceeded many expectations and will, this year, match that of pre-pandemic 2019. This is a remarkable recovery after the abrupt slowing of global economic activity a year ago. Consumption will average growth of 2.2% pa in the medium term and 2.0% pa out to 2040, chiefly driven by continued strength in the Chinese and Indian markets. Mine output was badly affected last year and will struggle to develop much momentum in the coming years, managing just 0.2% pa medium-term expansion, increasing to 0.8% pa in the long term. This situation creates better alignment between supply and demand, pulling the market into better balance for both the medium and long terms.
Table of contents
- Demand outlook
- Supply outlook
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Market balance and price outlook
- Supply-side changes
- That old smelter story of too much capacity chasing too little feed
- Overview
- Demand in detail
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Asia
- China
- India
- Japan
- Europe
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North America
- US
- Mexico
- Latin America
- Other regions
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Regional mine production capability
- Africa
- Asia
- Europe
- Latin America
- Middle East
- North America
- Oceania
- Russia and the Caspian
- 3 more item(s)...
Tables and charts
This report includes the following images and tables:
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Global lead demand, 2000 to 2040Lead supply, demand, balance and price, 2020-2030Global refined lead supply-demand balance and price
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Global refined lead stocks and priceScrap prices only in sustained, proportionate reduction since lockdowns beganGlobal lead consumptionRegional demand changes from previous long-term outlookIndustrial dominates with increased auto importsAuto replacement further declines due to importsEuropean lead consumptionLatin American lead consumptionMiddle East lead consumption
- 36 more item(s)...
What's included
This report contains:
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