Commodity Market Report
Global lead short-term outlook February 2022
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Lead markets were somewhat quiet and appeared expectant of impending events to impact. The LME price did rise by 3.8% this month but also, briefly, dipped below $2200/t, a four-month low, before finishing on $2335/t. Stocks started to be removed from LME warehouses in meaningful quantities after months of stability, with the total falling to a 13-year low. SHFE stocks stopped falling and rose slightly. Markets were rattled by heightened tensions in Eastern Europe, compounding worries over inflation cooling demand, as geopolitical events played out.
Table of contents
- China
- US/Canada
- Europe
- Raw materials market
- Mine production news
- Smelter production news
Tables and charts
This report includes the following images and tables:
-
Global quarterly refined lead consumption (kt)The SHFE/LME arbitrage remained negative in FebruaryConcentrate 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 premiaGlobal lead supply and demand (kt)
What's included
This report contains:
Other reports you may be interested in
Insight
Global Short-Term LNG Supply Tracker (Q3 2025)
Quarterly update of short-term LNG supply dynamics by country
$1,050
Asset Report
Future exploration outlook
Focuses on the near-term exploration outlook until 2030 and the sector’s longer-term prospects to 2050.
$11,000
Insight
Fibres sustainability feed
Wood Mackenzie’s fibres sustainability outlook – a live feed of our latest research
$900
