Lead Prices

Lead prices averaged USD 1,993 per metric ton in July, up 1.0% from June. On 31 July, the commodity traded at USD 1,930 per metric ton, down 4.4% from 30 June.

Prices edged up from June’s average in July on the heels of trade deals between the U.S. and several large economies including the EU and Japan. Nonetheless, prices faced severe headwinds and closed the month on a low note: Global sales in the key automobile sector—which accounts for around two-thirds of lead demand—cooled in July, while manufacturing activity in China and the U.S. weakened.