Lead Prices

Lead prices averaged USD 1,917 per metric ton in February, down 3.8% from January. On 27 February, the commodity traded at USD 1,917 per metric ton, down 2.3% from 30 January.

In February, average lead prices fell at the fastest pace in 10 months and recorded the second-worst performance among base metals. At the start of the month, a stronger U.S. dollar and softer activity in China due to the Lunar New Year break likely weighed on prices. Still, they were propped up by AI-related data center investment, as lead batteries are used as back-up power systems.