Commodity Market Report
Global lead short-term outlook June 2021
Report summary
Lead was at or near the front of the base metals on price performance during June. But rumours of problems at a major primary smelter right at the end of the month sparked a sharp price spike and thrust lead well ahead of the pack. No substance emerged to support the rumour, but nor has the possibility been eliminated beyond doubt yet. The strong and swift market reaction pushed the lead price up to a three-year high, breaking through the $2300/t barrier. The lead price also survived negative influences pulling down other metal prices to gain 6.3% of value during June. New mine supply was confirmed this month, but will not make a meaningful contribution until 2024. In the meantime, concentrates will continue to be tight and TCs under pressure.
Table of contents
- China
- India
- Raw materials market
- Mine production news
- Smelter production news
Tables and charts
This report includes 12 images and tables including:
- Vehicle production in China wanes as semiconductor shortage bites output
- Global quarterly refined lead consumption (kt)
- LME prices have been greater than SHFE prices during May and June
- Sulphuric acid prices have surged alongside the sharp fall in spot TCs in recent months
- 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:
Other reports you may be interested in
Commodity Market Report
Global lead short-term outlook April 2024
A third consecutive month of minimal Chinese exports is supportive of prices that have lifted alongside a surge in cancelled LME warrants.
$5,000
Commodity Market Report
Global lead short-term outlook March 2024
The increase in LME stocks in March has been a bearish optic but data do not point to a sudden deterioration in lead's fundamentals.
$5,000
Commodity Market Report
Global lead short-term outlook February 2024
Poor demand at Chinese new year saw LME stocks rise to highest level since May 2017
$5,000