Lead Market to Remain Healthy in 2014

Market GraphDuring its April meeting in Lisbon, the International Lead and Zinc Study Group (ILZSG) reviewed the current outlook for trends in world supply and demand for lead. The group expects that global demand for refined lead metal will increase by 4.4% in 2014 to 11.73 million metric tons (mt). This will be driven mainly by growth in China where usage is forecast to increase by 7.4%. In 2013, China accounted for 45.2% of total global lead usage. After increasing by 14.1% in 2013, demand in the U.S. is forecast to rise by a modest 0.6%. In Europe, a rise of 2.2% is anticipated, driven mainly by a forecast recovery in Italian demand.

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Nickel Prices Surge

Markets Nickel-PricesMonth-to-month, there was little change in the E&MJ Price Index except for one metal: nickel. During April, nickel prices jumped $2,300 per metric ton (mt) to $18,070/mt from $15,770/mt, an increase of 14.6%. That follows a 10.4% month-to-month increase in March from $14,285/mt. In two months, nickel has climbed to $8.21/lb from $6.49/lb. So where does it go from here?

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