Global lead short-term outlook October 2022
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Table of contents
-
Supply-demand balances
- Europe
- Concentrate market
- Current mine developments
- Corporate Activity
- Smelter and refinery developments
Tables and charts
This report includes 17 images and tables including:
- The Bloomberg Commodity Index includes lead for the first time
- Backwardation flares amid smelter worries
- Surge in cancelled warrants may herald a further drawdown of LME stocks
- A widening of the arbitrage may encourage a pick up in Chinese refined exports
- Refined lead premia and scrap prices
- Price forecasts and global quarterly supply/demand balances (kt)
- Quarterly consumption
- The arbitrage was again in negative territory during October
- Concentrate market TCs
- China's sulphuric acid prices today are not helping to compensate for low spot TCs as they were in 2021
- Lead mine capability, market adjustment and production (kt Pb)
- Global refined lead consumption (kt Pb)
- Global lead mine production (lead in concentrate, kt Pb)
- 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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