Commodity Market Report

Lead outlook - Q4 2021

Get this report

$10,000

You can pay by card or invoice

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.
 

- FAQs about online orders
- Find out more about subscriptions

17 December 2021

Lead outlook - Q4 2021

Report summary

The strong rebound in demand from the initial impact of coronavirus lockdowns and slowdowns has not been matched by a similar supply response from primary production. Secondary output, however, has been enjoying a healthy availability of scrap batteries to utilise available capacity and satisfy battery makers - but this abundance of feed will not last much longer. Mine output does start to pickup in a couple of years, contributing to sustained and growing supply-demand surpluses for lead metal and concentrates. Despite this, stocks in terms of days of consumption do not exceed the past decade's average for another three years for concentrates and five years for refined metal. Lead demand growth slows from this year's 3.8% pa, elevated after the 3.1% dip last year, to average 1.7% out to 2032.

Table of contents

  • Rising global lead stocks will hold back LME value, but price floor underpinned by dependable, steady demand

Tables and charts

No table or charts specified

What's included

This report contains:

  • Document

    Lead Outlook Q4 2021.pdf

    PDF 1.65 MB