Commodity market report
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27 Pages

Global lead short-term outlook August 2016

Global lead short-term outlook August 2016

Report summary

Another quiet month for lead nevertheless saw it lead the LME base metals, gaining 2.5% to close the month at $1880/t. After previous months of poor performance, lead's sound fundamentals appear to finally assert themselves with the onset of the seasonal peak battery production period and growing worries over supply availability to both primary and secondary smelters. The apparent current abundance of scrap supply can be assumed to rapidly dwindle as lead demand spikes with battery producers moving into top gear. TCs dropping to $120/t CIF MCP gives further evidence of concentrate tightness as imports into China fall significantly.

What's included?

This report includes 2 file(s)

  • Global lead short-term outlook August 2016 PDF - 455.62 KB 27 Pages, 10 Tables, 10 Figures
  • Data tables lead STO August 2016.xls XLS - 271.00 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 Short 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.

From acquisitions to investments, Wood Mackenzie helps you plan, forecast and benchmark in the metals markets. Our proprietary database and analyst expertise combines robust production, consumption and pricing data with detailed analysis to identify market opportunities.

We give you a holistic view of the ferrous and base metals markets so you have the confidence to make strategic decisions.

  • Executive summary
    • Lead key forecasts
  • Supply-demand balances
  • Demand
    • China
    • India
    • US
    • Europe
    • Other
      • Global quarterly refined lead consumption (kt)
  • Supply
    • Raw materials market
    • Smelter and refinery news
    • Mine production news
      • Global refined lead consumption (kt Pb)

In this report there are 20 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Supply-demand balances
    • Lead heads base metal gains in an exceedingly quiet month
    • LME lead price essentially tracks dollar strength during August
    • Investors hint at strong medium term lead price
    • Scarcely a ripple on the millpond of LME lead stocks
    • No sizeable movements to affect LME lead stock totals
    • Refined lead premia and scrap prices
    • Price forecasts and global quarterly supply/demand balances (kt)
  • Demand
    • Installation rate of Chinese mobile network base stations picks up in 2016
    • Chinese battery production starts to dip below previous years
    • German renewable electricity supply grows rapidly
    • Demand: Table 1
  • Supply
    • Concentrate market TCs
    • Supply: Image 1
    • The gap between Chinese primary and secondary smelter utilisation rates has again closed in July
    • Supply: Table 2
    • Global lead mine production (Lead in concentrate)
    • Global refined lead production (kt Pb)
    • Global primary and secondary refined lead production (kt Pb)
    • Lead stocks, prices and premia
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