Lead Prices

Lead prices averaged USD 2,034 per metric ton in October, up 1.6% from September. On 31 October, the commodity traded at USD 1,980 per metric ton, down 3.5% from 30 September.

Prices averaged slightly above September’s level in October, boosted by a rally in late September following the announcement of multiple stimulus policies in China. That said, prices trended down during October: Chinese lead output seemingly recovered, as several smelters resumed production. Meanwhile, in recent weeks, China pledged further stimulus policies, though the scarcity of details disappointed markets and likely put additional downward pressure on prices.