Lead prices averaged USD 2,003 per metric ton in September, up 0.2% from August. On 30 September, the commodity traded at USD 2,051 per metric ton, up 1.5% from 30 August.
Prices edged up over the past month amid improving demand and soft supply. The deployment of several stimulus policies in China, coupled with the start of monetary policy easing in the U.S., boosted demand for the metal. Moreover, global demand for automobiles strengthened in September. On the supply front, Chinese output slid in August and should have remained downbeat in September due to maintenance work.
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 | 2,038 | - |