Name: Global lead short-term outlook May 2022
Brand: Wood Mackenzie
SKU: 142662
Price: 5000 USD
Availability: OnlineOnly
Author: Wood Mackenzie

Commodity Market Report 31 May 2022

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Report summary

A steady downwards price slide characterised the first half of lead's price performance in May, after which the decline was halted but with a more choppy direction of travel for the remainder of the month. At one point, the LME lead price managed to hit a one-year low, dipping under $2100/t, before regaining some ground to end May at $2175/t, 4.1% down overall. Lead markets were pushed around by external factors, without lead's fundamentals exerting any apparent influence on its price. Spot premia for refined metal and scrap battery prices remained stable from April's levels. Spot TCs saw a little more movement, influenced by the shrinking negative SHFE/LME arbitrage. By the end of the month, they settled around $145/t CIF MCP for low silver concentrates.

China
Asia
Oceania
- Raw materials market
- Mine production
Mine News
Project news
Corporate news
Smelter production
Smelter and refinery news

Tables and charts

This report includes the following images and tables:

Global quarterly refined lead consumption (kt)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 premiaGlobal lead supply and demand (kt)Negative arbitrage reduced in May allowing spot TCs to fallGeneral relationship of a low or negative arb and higher TC often prevailsConcentrate market TCsLead mine capability, market adjustment and production (kt Pb)