Lead Prices

Lead prices averaged USD 1,941 per metric ton in December, down 2.9% from November. On 31 December, the commodity traded at USD 1,968 per metric ton, up 1.5% from 28 November.

Lead prices fell at the fastest pace among base metals in December, erasing much of the year’s gains. By month-end, average prices had slipped back toward their January 2025 starting levels, leaving lead one of the weakest performers in the base-metals complex. That said, the metal posted gains since the start of 2025, as the market remained in deficit, helped by resilient global EV demand; lead is a key component for car batteries.