Commodity Market Report
Global lead short-term outlook August 2020
Report summary
The lead price followed the LME base metals complex higher in August but was in itself essentially unremarkable. The LME cash price climbed 4.7% on the month and at one time almost broke through the $2000/t threshold, before closing out the month at $1954/t. Demand continued to be healthy, especially in North America and exchange stocks stabilised after July's turmoil. The largest mine in Latin America has once again become victim to coronavirus-related disruption and other mines are under threat as that region struggles to control outbreaks. This month has also seen downwards pressure on TCs, reflecting the impact on supply from ROW smelters competing for material.
Table of contents
- China
- US
- Raw materials market
- Mine production news
- Smelter production news
Tables and charts
This report includes 9 images and tables including:
- Global quarterly refined lead consumption (kt)
- Concentrate market TCs
- Lead mine capability, market adjustment and production (kt Pb)
- Global refined lead consumption (kt Pb)
- 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
- Global lead supply and demand (kt)
What's included
This report contains:
Other reports you may be interested in
Commodity Market Report
Global lead short-term outlook March 2024
The increase in LME stocks in March has been a bearish optic but data do not point to a sudden deterioration in lead's fundamentals.
$5,000
Commodity Market Report
Global lead short-term outlook February 2024
Poor demand at Chinese new year saw LME stocks rise to highest level since May 2017
$5,000
Commodity Market Report
Global lead short-term outlook January 2024
A further new mine delay is supportive of lead markets in 2024 but a slower secondary output will also be needed to curb metal stock rises.
$5,000
