Lead prices averaged USD 1,968 per metric ton in October, up 0.7% from September. On 31 October, the commodity traded at USD 1,991 per metric ton, up 2.3% from 30 September.
In October, average prices picked up mildly from September. Markets likely grew more optimistic over the demand outlook due to U.S. interest rate cuts and hopes of a U.S.-China trade truce. However, subdued global vehicle demand—lead being a key component of car batteries—could have weighed on prices.
This chart displays Lead (US$/mt) from 2023 to 2025.
Lead LME (prices in US$/mt, aop)
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Lead LME | - | - | - | 2,117 | 2,074 | 2,166 | 2,038 | 2,004 | 1,969 | 1,945 | 1,966 | - |