Commodity Market Report
Global lead long-term outlook Q3 2020
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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 impacts from the coronavirus pandemic will continue to reverberate through lead markets for years to come. We have revised our mine output to fall by -6.3% in 2020 after being hit with temporary idling of mines worldwide plus some reclosures after new flare-ups of Covid-19 infection. This will be followed by fairly modest expansion averaging 2.0% over the subsequent five years. The improved demand situation in some economies, led chiefly by China, has brought an increase in our forecast for 2020 by 165 kt over the previous LTO, now totalling 12.2 million tonnes of consumption. The smaller increase in total production therefore means our forecast refined lead surplus for 2020 falls by about 100 kt to total 377 kt excess refined metal. The following years also show a reduced surplus, reaching an essentially balanced market by 2024.
Table of contents
- Demand outlook
- Supply outlook
-
Market balance and price outlook
- Supply-side changes
- Overview
- Changes since Q2 2020
- Demand in detail
-
Asia
- China
- India
- Japan
- Europe
-
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
- 1 more item(s)...
Tables and charts
This report includes the following images and tables:
- Global lead demand, 2000 to 2040
- Lead supply, demand, balance and price, 2020-2030
- Global refined lead supply-demand balance and price
- Global refined lead stocks and price
- Global lead consumption
- Regional demand changes from previous long-term outlook
- Industrial dominates with increased auto imports
- Auto replacement further declines due to imports
- European lead consumption
- Latin American lead consumption
- Middle East lead consumption
- Oceania lead consumption
- 35 more item(s)...
What's included
This report contains:
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