Global lead short-term outlook December 2022
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Table of contents
-
Supply-demand balances
- Changes to forecast
- Europe
- China
- Concentrate market
- Project development
- Corporate Activity
- Smelter news
Tables and charts
This report includes 17 images and tables including:
- Lead outperforms most of the other LME metals
- Short covering helps lift price
- Seasonal Shanghai stock build getting underway
- Refined lead premia and scrap prices
- Price forecasts and global quarterly supply/demand balances (kt)
- Quarterly consumption
- Concentrate availability has been sufficiently tight for spot TCs to edge lower despite the arbitrage remaining negative in December
- Concentrate market TCs
- Acid's price has failed to maintain a recovery and it therefore remains well below where it started the year (as well as its peak)
- Up 6-7% for the year, imports have generally been softer recently despite a strong outcome in November
- Lead mine capability, market adjustment and production (kt Pb)
- Global refined lead consumption (kt Pb)
- Global lead mine production (lead in concentrate, kt Pb)
- 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:
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