With an atomic number of 82 and the chemical symbol Pb, lead is a heavy metal element. It is initially bluish white in color, but when exposed to air, it quickly turns dull grey. It is thick, pliable, and velvety. One of its most significant properties is its high density, which is approximately 11 times greater than that of water. Because of its density, it is beneficial for numerous applications where weight or radiation shielding is required.
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In addition, lead is well known for having a low melting point, which makes it simple to melt and mold into a variety of shapes. Due to this quality and its resistance to corrosion, lead is a perfect material for use in battery manufacturing, soldering, and pipelines.
Key Details About the Lead Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Lead price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Lead Price Trend, chart, including India Iron price, USA Iron price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Lead Price Trend:
Lead serves many industrial functions because of its unique properties. One of the principal applications for lead is the manufacture of batteries, particularly lead-acid batteries used in automobiles, forklifts, and backup power systems. These batteries depend on the efficient storage and discharge of electrical energy by lead.
Lead is frequently utilized in the construction industry due to its capacity to filter radiation and muffle sound. It is frequently used to make coatings, pipelines, and roofing materials. Additionally, weights for various functions, ammunition, and soldering supplies are made from lead. Its high density makes it suitable for use as diving equipment weights, ship ballast, and vehicle weights.
Due to their superior resistance to wear and friction, lead-based alloys are used to make electrical connectors, bushings, and bearings. Lead is also used to make a number of compounds, including lead oxide and lead salts, which are used to make pigments, glass, ceramics, and rubber.
Key Players:
- Umicore N.V
- American Elements
- Glencore plc
- Korea Zinc Co. Ltd
- The Doe Run Resources Corporation
- Hindustan Zinc Limited
News & Recent Development
- 3 March 2023: Lead prices likely to rule at levels similar to 2022- Since the beginning of 2023, lead metal prices have decreased by over 10%; analysts predict that this year, prices will be around $2,000 per tonne, comparable to 2022. The decline occurred despite preliminary statistics prepared by the International Lead and Zinc Study Group (ILZSG) showing that, in 2022, there would be a 99,000-ton gap between world demand and supply of refined lead metal.
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