Lead Outlook

Adobestock 408487962

Expert lead market insights

Our quarterly lead outlook is published in our Quarterly Metals Report, which covers base, precious and ferrous metals. The impact of supply and demand fundamentals and macroeconomic implications for the lead futures and spot prices are analysed. Our research team produce a lead price range forecast as part of the report.

Adobestock 138077830

Lead Outlook – Q2 2023

Lead has been broadly range-bound, but we saw material flow pick up. With the end of the off-season in the battery replacement, operating rates should improve, and we expect higher withdrawal of stocks by market participants. On top of that, primary output is set to decline, given the traditional maintenance period, weighing on secondary production performance. A tighter spread is reaffirming the tightness assumption, but the upside is capped given a lack of momentum out of China, and we continue to watch for vehicle production figures in the near term...

Sign-up to get the latest market insights

We will email you each time a new report has been published.