Lead price movement during last one-year
Lead prices have seen a decent upmove so far this year, posting a gain of 18 per cent on the London Metal Exchange so far as supply constraints exacerbated on account of because of China’s environmental crackdown, solid demand and falling inventories in Shanghai. China represented around 40 per cent of worldwide lead demand, assessed at around 12 million tonnes this year. The reports assess that the lead market will see little shortfall this year and the next. The National Bureau of
Statistics recently said China’s lead yield was the lowest since November 2016. Also, China’s decision to boycott imports of several more commodities from North Korea (in August) implies about 10 per cent of its universal lead mine supply will be blocked.
Certainly, things are looking better for lead and this metal may possibly have a bright future in the next few years as supply continues to decrease and demand picks up, supported by Chinese consumption and worldwide battery demand.