Commodity Market Report
Global lead short-term outlook February 2021
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Lead's disappointing performance in February lagged behind the general rally in base metal prices. Despite gaining 4% in value and briefly hitting a 15-month high, the lead price fell to the back of the pack as other base metals surged ahead. It did, at least, manage to finish February just above the $2100/t threshold after slipping back sharply from a dollar rate spike at the end of the month. Demand in North America, Europe and China remains good, but supply is still tested. Secondary output is constrained by capacity, not raw material feed, whereas concentrate availability is still pushing down on TCs, even though there is little current production impact from Covid restrictions at mines.
Table of contents
- China
- US
- Europe
- Raw materials market
- Mine production news
- Smelter production news
Tables and charts
This report includes the following images and tables:
- Vehicle production drives forward in 2020 after February’s stall
- CV production up in 2020, while passenger cars slower to recover
- Lead imports drop as availability shrinks
- Finished battery imports take up the slack
- 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
- 1 more item(s)...
What's included
This report contains:
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