Lead Prices

Lead prices averaged USD 1,856 per metric ton in August, up 0.7% from July. On 31 August, the commodity traded at USD 1,873 per metric ton, up 2.2% from 31 July.

Despite ticking up in August, lead prices remained at some of the lowest levels since 2020, making it one of the worst-performing base metals so far this year. This is likely due to lead’s lack of relevance to the AI and renewable sectors relative to other metals, plus high inventories on the London Metal Exchange and robust Indian refined lead production. However, rising Chinese imports will have offered support.