GLOBAL ZINC & LEAD WRAP: US lead premiums rise on supply shortage; Gravita inks deal in India

Lead premiums in the United States continue to firm on supply shortages and consistent demand, while big deals being done in Indian and European markets are also starting to pick up, sources said.

  • US lead premium hits an over three-year high
  • Gravita seals deal in India
  • European physical zinc market fires up

US lead premium most since 2016, zinc premium holds
In the United States, the 99.97% lead ingot premium moved higher this week due to acute lack of spot availability of the metal.
Fastmarkets assessed the lead 99.97% ingot premium, ddp Midwest US at 11-13 cents per lb on Tuesday January 19, moving for the first time since it reached its previous range of 9.50-10.25 cent per lb on November 24 and its highest since September 2016.
Fastmarkets’ lead 99.99% ingot premium, delivered Midwest US premium remained flat week on week, however, at 11.25-12.25 cents per lb the same day.

Both sellers and buyers of lead metal said it was difficult to source spot tonnages of the metal, which raised...


Archie Hunter

Julian Luk

Rijuta Dey Bera

Ana de Liz

January 20, 2021

14:55 GMT

London, Hong Kong, New York