Global lead market trends and issues

Lead prices have remained on a steadier path reflecting the importance of its long established ‘closed loop’ system of resilient replacement battery demand and recycling of scrap. The global lead market remains well supplied, masking a regional contrast of Asian excess and American shortfall. Resilient demand and slowing output may eventually tighten the market, but price gains are likely to be limited by subdued investor interest in lead’s role in the green energy transition.