Lead Prices

Lead prices averaged USD 1,988 per metric ton in November, down 2.3% from October. On 29 November, the commodity traded at USD 2,048 per metric ton, up 3.4% from 31 October.

In November, prices declined on the heels of underwhelming Chinese stimulus policies and Trump’s reelection. The dollar gained significant strength following Trump’s victory, making the metal more expensive for holders of other currencies. Moreover, concerns emerged over a new era of global trade disputes. On the supply front, both primary and secondary lead output in China is expected to have remained largely stable in November.