Lead Price OutlookLead prices increased in recent weeks, likely driven by solid demand. On 6 November, lead traded at USD 1,825 per metric ton, which was 3.6% higher than on the same day a month earlier. However, the price was down 4.6% on a year-to-date basis and was 13.9% lower than on the same day of last year. The rise in lead prices over the last month was likely driven in part by solid Q3 GDP data and October manufacturing PMI readings from China and the U.S., which boded well for industrial demand. In addition, robust Chinese infrastructure spending as the government looks to shore up economic activity should have further supported prices. Moreover, victory for Joe Biden in the U.S. presidential elections weakened the U.S. dollar, making purchasing lead more affordable for holders of other currencies. That said, a reintroduction of lockdown measures in Europe and soaring numbers of Covid-19 cases globally likely capped the upturn in prices in recent weeks.
Lead Price History Data (USD per metric ton, aop)
Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Lead Historical Price Chart
Price forecasts and historical data for Energy, Metals and Agricultural Commodities
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