Commodity Market Report
Global lead short-term outlook March 2022
Report summary
Global factors dominated base metals markets, although lead was less affected than most. The Russian war on Ukraine was the central influence but the reduced vulnerability of lead markets to this conflict meant it was once again the laggard among the LME prices, essentially returning to its starting point and closing March at $2433/t. However, these external influences did move market focus away from the nearby and finally dispelled the backwardation that had persisted over the past nine months. LME stocks dropped to a 15-year low, premia and scrap prices were stable, but the market gloom helped spot TCs for CIF MCP up 10% to $143/t.
Table of contents
- Automotive
- China
- Asia
- North America
- Europe
- Raw materials market
- Mine production
- Smelter production
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:
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