Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

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May 2019 | Base Metals

Lead: Prices rebound on bargain hunting

After lead prices slipped to a three-year low of $1,773 per tonne on Monday May 13, they spent the rest of the weak rebounding to end at $1,825 per tonne. Some good news was that President Donald Trump delayed for six months his decision on whether to impose tariffs against imported vehicles and vehicle parts from Japan and Europe. And China’s 10% tariff on imports of lead concentrate from the US will now remain in place.

China puts tariff on concentrate imports from USA China is keeping a 10% tariff on US lead concentrates imports. Last year, China imported 71,000 tonnes of lead in lead concentrates from the US, some 10% of its total lead concentrate imports, which was down from an average of around 150,000 tonnes over the 2015-2017 period. While this is affecting the already beleaguered Chinese smelting industry, China must believe that it will hurt the US more than it is hurting itself, as over half of all US-origin lead...


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