Commodity market report
Global lead long-term outlook Q4 2014
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Report summary
Our medium term view for the lead market is unchanged since last quarter, with supply side shortages, tougher environmental regulation and refined market deficits expected to prevail. After several years of refined surpluses we believe the market will move towards being in deficit this year. Meanwhile global lead demand growth will remain at 3.9% p.a. with many economies continuing to recover from economic weakness.
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