Insight

Lead: things to look for in 2021

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The the coronavirus created a tumultuous 2020 for lead markets. Prices plummeted as economic activity stalled, but a sustained rally increased the lead value by one-third from its low point, before slipping back a little from this peak. Our base case for 2021 assumes that vaccine rollouts will help sustain a continued recovery. But the surplus from supply growth exceeding the consumption rebound will maintain downwards price pressure. In this Insight, we identify and discuss some of the key factors to watch for that could shape lead markets in 2021, including the post-pandemic green energy transition, whether short-term demand will continue booming, elevated mine disruption, smelter rationalisation, and questions over the future of the Nordenham smelter. We very much doubt that 2021 will be dull for lead!

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    Lead Things To Look For In 2021

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