Commodity Market Report

Global lead short-term outlook June 2020

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30 June 2020

Global lead short-term outlook June 2020

Report summary

The lead price performed strongly, gaining almost $150/t during June to fall just short of $1800/t by the end of the month. This 9.1% gain was driven by two key factors: a weakening US dollar but, more significantly, rising concerns over the short-term availability of refined metal - the latter being put into sharp focus by the largest falls in LME stocks for almost a year and with one-third of stocks now cancelled warrants. Mines returning to operation are ramping up production, but some others have had to be idled once more due to new coronavirus outbreaks, adding to worries that a lead squeeze is looming.

Table of contents

  • Global
  • China
  • US
  • Raw materials market
  • Mine production news
  • Smelter production news

Tables and charts

This report includes 9 images and tables including:

  • 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
  • Global lead supply and demand (kt)

What's included

This report contains:

  • Document

    Global lead short-term outlook June 2020

    PDF 1.00 MB