How much does lead cost per metric ton?

Lead prices averaged USD 2,123 per metric ton in June, 1.7% higher than May’s price of USD 2,088 per metric ton. June’s average price for lead was up 2.3% year on year. Meanwhile, on 30 June, lead traded at USD 2,144 per metric ton, up 6.6% month on month.

Why is lead so expensive in China?

China uses over 40% of the annual global supply of lead and, therefore, is the biggest driver of its price. Strong growth in Chinese GDP over the past two decades had pushed many industrial commodity prices higher. However, Chinese GDP has slowed down in recent years, creating doubts about future demand for all industrial metals including lead.

What is Sucden's lead price forecast for 2022?

Sucden’s lead price forecast for 2022 expected the average lead metal prices in a range of $2,000 to $2,250/t this year. The broker also pointed out that despite rising production, supply in Europe and the US was expected to remain tight because of logistic issues.

Why did lead prices rise in June?

Meanwhile, on 30 June, lead traded at USD 2,144 per metric ton, up 6.6% month on month. Prices increased in June, buoyed by a rosier demand outlook in China amid expansionary policies and a resilient automobile sector—a key use for lead is in car batteries—with car sales in the Asian giant reaching a five-month high in May.