Commodity Market Report
Global lead short-term outlook November 2020
Report summary
The lead price surged ahead of the base metals pack in November as fund managers turned bullish on this usually less-fancied metal. Relative value trading prompted a spate of short-covering to add impetus to a price which already carried momentum from optimism generated by new Covid-19 vaccines and signs of a sustained economic recovery in China. Global automotive production was regaining traction to add strength to seemingly relentless demand for auto replacement batteries in North America and Europe. A mine accident in South Africa reminded markets of primary output vulnerabilities but otherwise the supply situation was little different and TCs unchanged.
Table of contents
- China
- US
- Canada
- Europe
- Raw materials market
- Mine production news
- Smelter production news
Tables and charts
This report includes 10 images and tables including:
- Chinese refined lead imports lower in 2020
- 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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