Lead Prices under stress on weak growth indicators from China, concern over global economy

摘要

Lead prices faced challenges in June, trading within a narrow range of 178-186 as investors awaited further signals regarding the interest rate direction of the U.S. Federal Reserve and the demand outlook in China, the largest consumer of the metal. The demand for industrial metals has been dampened by weak economic indicators in China, combined with concerns over global economic growth. Many industrial metals, including lead, are currently trading significantly lower compared to their levels in April 2022, when the Russia-Ukraine crisis caused a sudden price surge.