Lead Prices

Lead prices averaged USD 1,860 per metric ton in October, down 0.6% from September. On 30 October, the commodity traded at USD 1,879 per metric ton, up 2.3% from 30 September.

Lead prices slipped slightly in October, with the monthly average standing 6.7% below January’s level, as ample supply, high inventories on the London Metal Exchange and weak demand growth weigh on the metal. The latter is likely linked to a declining share of internal combustion engine vehicles in car sales and a gradual pivot to alternative battery chemistries.