Lead Scenario

Lead:

Major characteristics:

  • Lead, chemical symbol pb, is very corrosion resistant, ductile, & malleable blue grey metal that has been in use for at least 5,000 years.
  • It is usually found in association with Zinc, Silver, as well as copper ores.
  • It is one of our planets most sustainable & recyclable commodities.
  • The Lead production process consumes less energy as compared to the production of any other metal.

Demand & Supply Scenario:

  • In 2010, world lead mine production was 6.3% higher than in 2009. This was mainly due to rises in china, Mexico, Russian Federation that more than offset decreases in Ireland, Peru, & the United States.
  • Global refined lead production over 2010 was 9.311 million MT, up from 8.802 million MT in 2009.
  • Global refined lead consumption had risen to 9.329 million MT in2009.

Global Scenario:

  • The worlds reserve base of lead is estimated at 170MT. Australia leads with 35% of world reserve base of lead, followed by china (21%) , USA (11%), & Kazakhstan(4%).
  • Major refined lead exporting countries are Australia, Germany, & Canada; while major refined lead importing countries are USA, UK & India.

Indian Scenario:

  • In 2009, refined lead production was around 207,000 MT; up from 165,000MT in 2008.
  • India‚Äôs refined lead consumption in 2009 increased by 3% y-o-y to 187,000MT up from 181,000MT in 2008.
  • India imported 125,000 lead MT of lead in 2009, an increase of 20% compared with lead imports in 2008.
  • The main producers of lead are Hindustan Zinc Limited (HZL) & Indian Lead Limited (ILL).

Factors influencing the market:

  • Lead Prices in India are fixed on the basis of the rates that rule on the International Spot market & Rupee & US Dollar Exchange Rates.
  • Economic Events such as national industrial growth global financial crisis, recession, & inflation affect metal price.