Lead's Price in International Commodity Markets in October 2023 is about 2,133.72 dollars per metric tonne estimated by World Bank. In the Previous Month, September 2023 lead worth was 2,252.10 dollars per metric tonne. Last year in October 2022 the price was 1,999.86 dollars per metric tonne.
| Index | Last 12 Months | Nominal US Dollars($/mt) | Net-Chg | Percentage-Chg |
|---|---|---|---|---|
| 13 | October 2022 | $ 1,999.86 | - | - |
| 12 | November 2022 | $ 2,099.99 | $ 100.13 | 4.77 % |
| 11 | December 2022 | $ 2,216.48 | $ 116.49 | 5.26 % |
| 10 | January 2023 | $ 2,201.26 | $ -15.22 | -0.69 % |
| 9 | February 2023 | $ 2,093.06 | $ -108.20 | -5.17 % |
| 8 | March 2023 | $ 2,115.18 | $ 22.12 | 1.05 % |
| 7 | April 2023 | $ 2,149.43 | $ 34.25 | 1.59 % |
| 6 | May 2023 | $ 2,083.60 | $ -65.83 | -3.16 % |
| 5 | June 2023 | $ 2,122.89 | $ 39.29 | 1.85 % |
| 4 | July 2023 | $ 2,109.12 | $ -13.77 | -0.65 % |
| 3 | August 2023 | $ 2,153.84 | $ 44.72 | 2.08 % |
| 2 | September 2023 | $ 2,252.10 | $ 98.26 | 4.36 % |
| 1 | October 2023 | $ 2,133.72 | $ -118.38 | -5.55 % |
Lead Price in 2022 was 2,150.60 dollars per metric tonne estimated by the world bank. In the previous year, 2021 Lead Price was 2,200.37 dollars per metric tonne. The net change in Lead Price in 2022 was -49.77 dollars which is about a -2.31 % decrease in price.
| Year | Price Nominal US Dollars($/mt) | Net-Change | Percentage-Change | >
|---|---|---|---|
| 1960 | $ 198.85 | - | - |
| 1961 | $ 176.98 | $ -21.87 | -12.36 % |
| 1962 | $ 155.28 | $ -21.70 | -13.97 % |
| 1963 | $ 174.81 | $ 19.53 | 11.17 % |
| 1964 | $ 277.88 | $ 103.07 | 37.09 % |
| 1965 | $ 317.18 | $ 39.30 | 12.39 % |
| 1966 | $ 260.65 | $ -56.53 | -21.69 % |
| 1967 | $ 227.68 | $ -32.97 | -14.48 % |
| 1968 | $ 240.49 | $ 12.81 | 5.33 % |
| 1969 | $ 289.89 | $ 49.40 | 17.04 % |
| 1970 | $ 302.91 | $ 13.02 | 4.30 % |
| 1971 | $ 253.63 | $ -49.28 | -19.43 % |
| 1972 | $ 301.66 | $ 48.03 | 15.92 % |
| 1973 | $ 429.68 | $ 128.02 | 29.79 % |
| 1974 | $ 592.26 | $ 162.58 | 27.45 % |
| 1975 | $ 411.68 | $ -180.58 | -43.86 % |
| 1976 | $ 446.42 | $ 34.74 | 7.78 % |
| 1977 | $ 618.00 | $ 171.58 | 27.76 % |
| 1978 | $ 661.92 | $ 43.92 | 6.64 % |
| 1979 | $ 1,208.25 | $ 546.33 | 45.22 % |
| 1980 | $ 905.75 | $ -302.50 | -33.40 % |
| 1981 | $ 726.73 | $ -179.02 | -24.63 % |
| 1982 | $ 545.60 | $ -181.13 | -33.20 % |
| 1983 | $ 425.34 | $ -120.26 | -28.27 % |
| 1984 | $ 442.61 | $ 17.27 | 3.90 % |
| 1985 | $ 390.86 | $ -51.75 | -13.24 % |
| 1986 | $ 406.08 | $ 15.22 | 3.75 % |
| 1987 | $ 596.84 | $ 190.76 | 31.96 % |
| 1988 | $ 656.23 | $ 59.39 | 9.05 % |
| 1989 | $ 673.48 | $ 17.25 | 2.56 % |
| 1990 | $ 810.54 | $ 137.06 | 16.91 % |
| 1991 | $ 557.62 | $ -252.92 | -45.36 % |
| 1992 | $ 541.37 | $ -16.25 | -3.00 % |
| 1993 | $ 406.36 | $ -135.01 | -33.22 % |
| 1994 | $ 547.77 | $ 141.41 | 25.82 % |
| 1995 | $ 630.95 | $ 83.18 | 13.18 % |
| 1996 | $ 774.33 | $ 143.38 | 18.52 % |
| 1997 | $ 624.18 | $ -150.15 | -24.06 % |
| 1998 | $ 528.64 | $ -95.54 | -18.07 % |
| 1999 | $ 502.62 | $ -26.02 | -5.18 % |
| 2000 | $ 453.94 | $ -48.68 | -10.72 % |
| 2001 | $ 476.16 | $ 22.22 | 4.67 % |
| 2002 | $ 452.68 | $ -23.48 | -5.19 % |
| 2003 | $ 515.03 | $ 62.35 | 12.11 % |
| 2004 | $ 886.55 | $ 371.52 | 41.91 % |
| 2005 | $ 976.37 | $ 89.82 | 9.20 % |
| 2006 | $ 1,289.72 | $ 313.35 | 24.30 % |
| 2007 | $ 2,579.99 | $ 1,290.27 | 50.01 % |
| 2008 | $ 2,090.66 | $ -489.33 | -23.41 % |
| 2009 | $ 1,719.27 | $ -371.39 | -21.60 % |
| 2010 | $ 2,148.45 | $ 429.18 | 19.98 % |
| 2011 | $ 2,400.81 | $ 252.36 | 10.51 % |
| 2012 | $ 2,064.64 | $ -336.17 | -16.28 % |
| 2013 | $ 2,139.79 | $ 75.15 | 3.51 % |
| 2014 | $ 2,095.46 | $ -44.33 | -2.12 % |
| 2015 | $ 1,787.82 | $ -307.64 | -17.21 % |
| 2016 | $ 1,866.65 | $ 78.83 | 4.22 % |
| 2017 | $ 2,314.67 | $ 448.02 | 19.36 % |
| 2018 | $ 2,240.44 | $ -74.23 | -3.31 % |
| 2019 | $ 1,996.51 | $ -243.93 | -12.22 % |
| 2020 | $ 1,824.88 | $ -171.63 | -9.41 % |
| 2021 | $ 2,200.37 | $ 375.49 | 17.06 % |
| 2022 | $ 2,150.60 | $ -49.77 | -2.31 % |
Lead, a chemical element with the symbol Pb (derived from the Latin word "plumbum"), has been used by civilizations for thousands of years. Its malleability, low melting point, and corrosion resistance make it an ideal material for a wide range of applications. Lead is primarily used in batteries, construction, ammunition, and various industrial processes.
Several factors contribute to the volatility of lead prices in the global market. Understanding these factors can help investors, manufacturers, and consumers make informed decisions. Let's explore some of the key influencers:
Like any other commodity, the supply and demand dynamics play a crucial role in determining lead prices. Increased demand from industries such as automotive, construction, and electronics can drive the price up. Conversely, if the supply exceeds demand, the prices may experience a decline.
The state of the global economy also influences lead prices. During periods of economic growth, the demand for lead rises as construction and manufacturing activities surge. Conversely, during economic downturns, the demand for lead may decrease, leading to a decline in prices.
Political stability or instability in lead-producing regions can have a significant impact on lead prices. Political conflicts, trade policies, and government regulations can disrupt supply chains, leading to price fluctuations. Any geopolitical events or policy changes can create uncertainty in the lead market.
Lead is traded globally, and currency exchange rates can affect its price. If the currency of a lead-producing country strengthens against major currencies, it can result in higher prices for lead exports. Conversely, a weaker currency may make lead exports more affordable, potentially lowering prices.
Currency Exchange RateLead prices vary across different countries and regions due to a combination of factors. Let's take a look at some notable international lead markets:
As the world's largest consumer and producer of lead, China's lead market significantly influences global prices. The country's robust industrial sector, infrastructural development, and demand for electric vehicles contribute to its substantial lead consumption.
The United States is one of the major players in the global lead market. The demand for lead-acid batteries, driven by the automotive industry and renewable energy projects, contributes to the country's significant lead consumption. Domestic production and import/export policies also influence lead prices in the United States.
Australia is a notable lead producer and exporter. The country's mining operations, particularly in Western Australia and Queensland, contribute to its position in the global lead market. Factors such as mining regulations, labor costs, and international trade agreements impact lead prices in Australia.
Peru is among the top lead producers in the world. The country's rich mineral reserves, including significant lead deposits, contribute to its prominence in the global market. Factors such as political stability, mining regulations, and environmental policies affect lead prices in Peru.
The price of lead is influenced by a multitude of factors, including supply and demand dynamics, global economic conditions, political factors, and currency exchange rates. Understanding these influences is crucial for market participants and stakeholders involved in lead-related industries. Furthermore, international lead markets such as China, the United States, Australia, and Peru have dynamics that contribute to the global lead price landscape. By staying informed and monitoring these factors, industry players can navigate the lead market effectively.
Remember, when it comes to lead prices, keeping a close eye on market trends, geopolitical events, and industry developments is essential for making informed decisions.