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Fri 10 May 24, 5:43pm (AEST)
Lead
Commodity
·
USD/t
$2,249.00
-4.00
(-0.18%)
DAY HIGH
2,261.50
DAY LOW
2,247.00
PREV CLOSE
2,249.00
Lead is a soft, malleable, grayish metal thats widely used for car batteries, pigments and ammunition. Its density and ability to absorb vibration make it an excellent shield against radiation.
65% of lead consumption is used in the automotive sector as replacement batteries or original batteries for new vehicles, according to Wood MacKenzie (2021). All commercially produced electric vehicles contain 12V lead-acid batteries.
The world's largest lead producers are China and Australia, followed by the US and Peru.
Lead futures can be traded on the London Metals Exchange (LME).