Benchmark: LME cash lead, in-warehouse. The same tonne prices differently by origin — freight, quality, sanctions and policy set the differential. Deep dive →
| Origin | Basis | Market note |
|---|---|---|
🌐 LME warehouses Global · terminal market | In-warehouseBenchmark | Global reference |
🇺🇸 US delivered USA · premium | Delivered premium | Battery-recycling demand supports a delivered premium |
🇪🇺 Europe delivered Europe · premium | In-warehouse premium | Duty-paid premium |
🇨🇳 China (SMM) China · secondary-heavy | Ex-works China | Recycled supply and export tax cap the price |
🇦🇺 Concentrate (payable) Australia/Peru · mine supply | FOB payable | Concentrate payables under refined metal |
Origin notes are qualitative context. Dollar differentials are not shown, because no public differential series is attached.
Track physical flows on the live vessel map →Converted from 1,873.00 USD/t · indicative FX
Lead is traded in the base metals segment. The series on this page is the named public source, not a live feed. Physical parcels of Lead can be sourced or placed through the Off Market desk, listed openly on the Marketplace, or intermediated by a specialist broker.
Proposed licensing measures in a key producing region could lengthen lead times for several battery and rare-earth inputs, traders warn.
Zinc outperformed lead as smelter feed stayed scarce, while battery-driven lead demand looked steady but unspectacular.
A softer dollar and calmer macro tone supported the broad complex, with metals leading and bulks lagging on China demand concerns.