QUOTE AND NEWS
Auto battery makers gain as lead prices fall
Reuters  Apr 18  Comment 
Reuters Market Eye - Shares of auto battery makers gain on expectations of better margins after prices of lead, a key raw material for batteries, tumble near October 2012 lows.
Turnaround in auto demand to drive lead prices
The Hindu Business Line  Feb 9  Comment 
Lead prices have begun to creep up this year amid a whittling down of inventory and pick-up in demand. In particular, a turnaround in the fortunes of the automobile industry could boost th...
Soybean exports to lead prices higher
Agriculture Online  Dec 13  Comment 
Downside limited for Lead prices: Barclays
Commodity Online  Oct 15  Comment 
However, there may be some near-term downside risk from positioning. Record LME open interest in the context of recent price strength is indicative of a clear net long position that is vulnerable to bouts of macro-inspired profit taking.
UPDATE: Stifel Nicolaus Downgrades EnerSys to Hold on Lead Price Pressure
Benzinga  Oct 4  Comment 
Stifel Nicolaus reduced its rating on EnerSys (NYSE: ENS) from Buy to Hold and removed its previous $44 price target. Stifel Nicolaus noted, "Lead commodity prices on the LME are up 25% since bottoming in mid-August. Lead represents 30-35% of...
Lead futures edge up on spot demand
The Economic Times  Sep 12  Comment 
Lead prices edged up by 0.34 per cent to Rs 117.15 per kg in futures trade today due to pick up in demand in the spot market.
Northern Ont. home sales lead price jump in province
CBC.ca  Jul 24  Comment 
Average Ontario home prices have risen 17 per cent over the past four years, with the most significant growth seen in the province's north, according to a report released Tuesday.
[$] Lead Steps Up a Gear to a Firmer Footing
Wall Street Journal  Jul 15  Comment 
Lead prices are expected to defy the gloom afflicting the commodity sector and rise over the next 18 months on solid fundamentals and a growing demand base.
Lead prices supported by rising LME cancelled warrants and tight market conditions
Commodity Online  May 15  Comment 
Lead prices have displayed a greater resilience than the rest of the complex over the past month, remaining closely tied to the $2,100/t level. A combination of factors, both transient and fundamentally rooted, has offered relative support.




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Lead is a metal which is mainly used in lead-acid batteries.[1] Annual world production was 8.7 million metric tons in 2008.[2]

Exposure to lead causes adverse clinical health effects. The usage of the metal had been restricted for many applications (e.g. painting) in the past decade.

The chart at left shows continuos front-month futures prices for Lead traded on the London Metal Exchange (LME).[3]

Lead Producers

Lead is a major by-product in zinc mining activities.

Key Trends and Forces

Global Economic Downturn

The usage of lead is related to the number of deployed vehicles. Lead-acid batteries have a limited lifecycle and need frequent replacement. However, most of the lead can be recovered from the old batteries and reused.

Emerging Economies

Improving living conditions increase the number of light duty vehicles for private transport and the number of trucks required for the transport of goods. Specific for this economies will be the extensive usage of lead-acid batteries in electrical driven bicycles.

New Electrification Wave

Lead-acid batteries do not suit the need for use with hybrid or fuel cell powertrains and will be replaced by other battery technology (NiMH or Lithium).

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References

  1. ↑ International Zinc and Lead Study Group
  2. ↑ International Zinc and Lead Study Group - Press Release, February 2009
  3. ↑ London Metal Exchange (LME) London Metal Exchange - Standard Lead Hub Page

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