Global lead short-term outlook July 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
-
Global
- USA
- China
- China Concentrate markets
- Current mine developments
- Project News
- Corporate Activity
- Smelter and refinery developments
Tables and charts
This report includes 18 images and tables including:
- Macroeconomic developments and the strength of the US dollar have been the dominant influence on the lead price
- Open interest points to a failed attempt to push the price even lower
- Nearby tightness sustains a modest backwardation through July
- Exchange stocks remain close to record lows
- Refined lead premia and scrap prices
- Price forecasts and global quarterly supply/demand balances (kt)
- The H1 jump in Chinese battery exports has been driven by India, Philippines, the USA, Malaysia and the Russian Federation
- Global quarterly refined lead consumption (kt)
- Low-silver spot TCs fall further as the negative price arbitrage vanishes
- Concentrate market TCs
- Chinese concentrate imports (kt gross weight concentrate)
- 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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