The Global Lead Metal Market Long-term Outlook provides the latest update of detailed supply and demand analysis, and price forecasts for the lead market out to 2035. The near- to medium-term critical issue continues to be the availability of concentrates. Constrained supply from mine closures and environmental restrictions has seen stocks fall to critically low levels. The enduring tightness of secondary feed supply limits the ability of the recycling sector to compensate for the shortfall in primary output. This has transitioned into a palpable tightening of refined lead availability, which will become more acute over the approaching Northern Hemisphere winter demand peak, helping to maintain elevated prices well into 2018. This will in turn trigger some new and restarted mine capacity to offset scheduled mine closures, but the continued steady demand growth will hold the refined lead supply-demand balance in deficit until 2019.