The refined lead market is finely balanced for 2015 following reductions in forecast consumption for this year eradicating the previous negative balance. However, significantly reduced mine supply will curtail primary smelter output and lead to sizeable deficits in 2016 and 2017, forcing prices higher. Combined with continuing scrap tightness keeping secondary raw material costs high, the commodity price will peak during 2018 before subsiding again as the market moves back into surplus from that year onwards. Medium-term global growth will be 3.1% p.a. as many economies continue the process of recovery and uncertainty surrounds the future growth rate of the Chinese economy.
This report includes 12 file(s)
Global lead long-term outlook Q3 2015 PDF - 827.50 KB 38 Pages, 27 Tables, 15 Figures
Slide pack lead LTO Q3 2015.pdf PDF - 704.30 KB
Lead Tables LTO Q3 2015.pdf PDF - 1.62 MB
Demand main changes lead LTO Q3 2015.xls XLS - 157.00 KB
Demand analysis lead LTO Q3 2015.xls XLS - 533.00 KB
Supply main changes lead LTO Q3 2015.xls XLS - 552.50 KB
Production rankings lead LTO Q3 2015.xls XLS - 226.00 KB
Equity Production lead LTO Q3 2015.xls XLS - 4.95 MB
Mine analysis lead LTO Q3 2015.xls XLS - 2.69 MB
Smelter analysis lead LTO Q3 2015.xls XLS - 1.31 MB
Refinery analysis lead LTO Q3 2015.xls XLS - 1.27 MB
Market balance and prices lead LTO Q3 2015.xls XLS - 329.00 KB
As global demand weakens and commodity prices fall, we're seeing a challenging environment in the metals and mining industry. Mining companies are increasingly coming under pressure to reduce operating costs, causing many to shift their strategic planning, delay new investments and look to long-term future growth.
This Lead Long Term Outlook report provides a detailed breakdown of global supply and demand balances in this market, as well as price forecasts.
Mining companies, investment banks and investors can use this report to understand the future direction of the ferrous and base metals market. It will also help you assess the impact of key industry issues and events on market balances and pricing.
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Commodity market report | Sep 2015
Global lead long-term outlook Q3 2015
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