Find out what millions of sellers are selling right now.
Find out what millions of buyers are buying right now.
Search Lead Business Directory for suppliers and buyers.
Find out about Lead Trade Shows & Events.
Posted on : Dec 18, 2005
SYDNEY - Rising supply seems to be
catching up with lead prices, which against many expectations, have rallied 30%
in the last five months to 26-year highs.
An uptick in global consumption, driven by
Chinese vehicle manufacturing, caught the supply side napping last year,
resulting in a market deficit of 195,000 metric tons, according to data from
Brook Hunt and Macquarie Research.
This year's deficit is expected to narrow to
152,000 tons. The market's ability to absorb rising supply has surprised many
forecasters, and is likely to underpin prices at least in the short term.

The massive two-year supply shortfall has
resulted in record low stock levels in London Metal Exchange warehouses, which
according to Macquarie analysts, currently represent just a couple of days of
Western world consumption.
But with International Lead & Zinc Study Group
data showing global refined production rising 10% in the first 10 months of this
year compared with consumption of 6.1%, some analysts expect a move back into
surplus in 2006.
In a report Monday, Macquarie Research
estimated a modest surplus of 16,000 tons in 2006, with prices expected to ease
back to an average of $827 a metric ton as a result, from around $1,087/ton
"Looking into 2006, we have seen the supply
side reacting very strongly, with several projects such as Magellan coming
on-stream and mines, as Endeavour (in Australia's New South Wales state),
increasing concentrate output significantly," Macquarie said.
Canada's Ivernia Inc. (IVW.T) is slated to
reach full production at Magellan in Western Australia by mid-2006 to become one
of the top five lead-producing mines in the world, yielding about 100,000 tons a
The added output is expected to ease the tight
lead concentrates market before feeding through into the refined market.

Other market watchers expect lead's move back
into surplus to take a little longer, although most agree prices will ease next
National Australia Bank minerals and energy
economist Gerard Burg is in the process of upwardly revising the bank's 2006
lead price forecast to $944/ton based on a deficit likely to be smaller than
this year's but still significant.
Robust China-led demand, as well as a slightly
slower than expected supply response, has seen Burg revise his previous view of
a modest deficit next year.
"We're now seeing prices come off just a little
from where they are at the moment but remaining high all the same," he said.

Zinc and lead producer Zinifex Ltd. (ZFX.AU)
"Although not yet evident we do still expect
lead prices to soften, but remain above long-term average levels," chief
executive Greig Gailey told the company's annual general meeting last month.
Other News and Announcements
Posted on : Oct 05, 2017
Bulgarian lead-acid battery maker Monbat bought Italian lead battery recycler Piombifera Italiana in September. Piombifera Italiana, the third largest recycling fi....
[United States]
Posted on : Sep 27, 2017
Lead battery recycler Aqua Metals confirmed in an 8K filing to the US Securities and Exchange Commission on September 27 that meetings had begun with Johnson Controls to begin converting one of JCI’s f....
Posted on : Sep 21, 2017
Herbert Giess, a leading lead battery expert with 50 years experience, has been recognised for his exceptional contributions to the lead and lead-acid battery industries through a lifetime of cutting-edge re....
[United Kingdom]
Posted on : May 25, 2016
The lead-acid battery industry likes to push the PR line that it is one of the most recycled products on the planet at around 96%— but the battery’s reusable material currently sits at ar....
[United States]
Posted on : May 25, 2016
Electrochemical lead recycling firm Aqua Metals was named the winner of the Rising Star category in the 2016 Platts Global Metals Awards program. Aqua Metals was recognised for its AquaRefining proce....
Read More