Commodity Market Report

Global lead short-term outlook February 2024

This report is currently unavailable

For details on how your data is used and stored, see our Privacy Notice.
 

- FAQs about online orders
- Find out more about subscriptions

*Please note that this report only includes an Excel data file if this is indicated in "What's included" below

Poor demand at Chinese New year coincided with LME stocks surging 71kt in February to peak at 180kt, the highest since May 2017. Stocks have since fallen and are ending the month nearer 170kt. Prices bottomed out at US$2010 at mid-month but an exchange rate-driven price recovery had started a few days before stocks peaked. Lead is ending February down on the start of the month, close to the level at the end of February last year when LME stocks were only 25kt. Lead consumption is forecast to increase to 2026 at a CAGR of 0.9%, equal to the estimated rise for 2023. We expect production to exceed consumption from 2024, and prices to remain under downward pressure in 2025.

Table of contents

  • No table of contents specified

Tables and charts

No table or charts specified

What's included

This report contains:

  • Document

    Global Lead Short Term Outlook February 2024.pdf

    PDF 845.37 KB