Commodity Market Report
Global lead short-term outlook January 2020
Report summary
Geopolitical and macroeconomic events complete overtook and dominated the lead markets in January. After a quiet start to the year, prices initial surged after Phase One of the US-China trade deal was signed. But then the emerging coronavirus inflection soon developed into a global health emergency with potentially significant repercussions for metals production and demand. Prices slumped but lead did receive some support from fresh cancellations of LME stock warrants. This, together with the coronavirus, heightened fears of short-term supply tightness. Concentrate spot TCs were lifted by waning demand ahead of Chinese New Year. But the virus outbreak has also extended smelter shutdowns over this holiday period, which will impact on refined lead availability.
Table of contents
- China
- Europe
- Raw materials market
- Mine production news
Tables and charts
This report includes 11 images and tables including:
- Global quarterly refined lead consumption (kt)
- All-in smelter charges in 2020 may rise by as much as $160/t of concentrate
- 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:
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