Insight
Lead: 5 things to look for in 2026
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Treatment charges plunged in 2025, both concentrate and secondary feedstocks were in short supply. 2026 looks set to continue the trend with the added spice of silver price volatility leading to uncertain byproduct revenues.
Table of contents
- 1. US secondary lead production will grow
- 2. Government subsidy for ROW primary lead smelters.
- 3. Higher mine profit margins with the hike in silver prices
- 4. SLI demand is maintained but auxiliary EV batteries under threat.
- 5. Lead use in data centres will grow
Tables and charts
This report includes the following images and tables:
-
Lead mine cash margin curve for 2025 and varying price scenario for 2026
What's included
This report contains:
Other reports you may be interested in
Insight
Nickel: 5 things to look for in 2026
As nickel prices rally to their highest level for 18 months, all eyes are on Indonesia as the main disruptor in 2026
$1,050
Insight
Cathode & Precursor: 5 things to look for in 2026
S. Korea fills N. American supply gap; future of high-nickel chemistry and Na-ion tech; new legislation and impact of continued volatility
$1,050
Insight
Gold: 5 things to look for in 2026
How will the bull market momentum shape the world of gold in 2026?
$1,050
