Lead prices averaged USD 2,147 per metric ton in June, down 3.3% from May. On 28 June, the commodity traded at USD 2,177 per metric ton, down 1.8% from 31 May.
Prices fell over the past month due to a downbeat demand backdrop and a slight supply pick-up. In June, the manufacturing PMI in top consumer China remained in pessimistic territory. That said, stronger global automobile demand put some upward pressure on prices. Supply-wise, Chinese output is expected to have risen in recent weeks as maintenance work at several smelters was completed.
This chart displays Lead (US$/mt) from 2022 to 2024.
Lead LME (prices in US$/mt, aop)
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | |
|---|---|---|---|---|---|---|---|---|
| Lead LME | 2,140 | 2,117 | 2,171 | 2,117 | 2,074 | 2,166 | - | - |