Commodity Market Report
Lead 2021 update to 2040
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Report summary
Effects from the coronavirus pandemic continue to ripple through lead markets after its huge impact last year. However, the rebound in demand after the initial slump has been pronounced and will see demand this year already exceeding that of 2019. Covid-based supply disruptions remain a possibility with resurgent infections across the globe from new virus variants. These also threaten to dent demand if economic activity suffers as a consequence. Beyond these first few years, supply and demand essentially resume their pre-pandemic trajectories, with the automotive sector appearing a little stronger than previously expected. This report uses fully-updated data to present the latest forecasts and also considers the effects of two scenarios giving both a high and low outlook compared to our base case and outlines the effect this will have on lead prices.
Table of contents
- Rising stocks do not promote higher LME values, but continued steady, healthy demand underpins price floor
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