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Global Lead Market Trends

Demand for lead is primarily driven by lead-acid batteries used in conventional fuel car batteries as well as electric vehicles (EVs).

Mining Technology monitors the global lead market by observing lead price trends and analysing country-wise lead production, consumption, and export and import data. The performance metrics of lead mining companies and major lead mines around the world is also tracked.

Global lead metal production is recovering following a 5% decline to 4.5 million tonnes (Mt) in 2020. Lead production is forecast to reach 5.2Mt in 2025, according to GlobalData.

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GlobalData forecasts data for 15 commodities of 60 leading mining countries, with 70 reports per year covering supply & demand, key projects, activities of major mining companies and fiscal regimes.

Lead Price Trend: Trailing 12 Months

Mining Technology displays the global lead price trend over the last 12 months.

The lead price averaged US$2,359/t in March, a rise of 2.6% on February 2022.

The lead price fluctuated in March, reaching a high of US$2,513/t on 7 March, before dropping back to US$2,230/t on 15 March, and then ending the month on US$2,433/t.

In 2022 moderate demand growth is expected, with improvements from the automotive sector where production has been hampered by a semiconductor shortage. However, overall a small decline in the average price is expected as supply improves.

Biggest Lead Producing Companies

Mining Technology has ranked the world’s biggest lead producing companies by comparing the annual output of major lead mining companies operating in different parts of the globe.

Glencore was the world’s biggest lead producer in 2020, followed by South32 and Teck Resources.

The world’s ten biggest lead producing companies together accounted for 19% of the global total lead output in 2020.

Current Rank Rank 2019 Company Name Headquarters
1 1 Glencore plc Switzerland
2 2 South32 Ltd Australia
3 3 Teck Resources Ltd Canada
4 4 Industrias Penoles SAB de CV Mexico
5 8 Newmont Corp United States
6 5 Boliden AB Sweden
7 7 Volcan Compania Minera SAA Peru
8 9 Zijin Mining Group Co Ltd China
9 6 Compania De Minas Buenaventura SAA Peru
10 10 Hecla Mining Co United States

Source: GlobalData

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Largest Lead Mining Countries

Mining Technology lists the top lead mining countries by production from GlobalData’s comprehensive database capturing the annual output of major lead producing countries in the world.

Glencore was the world’s biggest lead producer in 2020, followed by South32 and Teck Resources.

The world’s ten biggest lead producing companies together accounted for 19% of the global total lead output in 2020.

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Biggest Lead Mines in the World

The world’s biggest lead mines are identified from GlobalData’s database of major lead mining projects around the world.

With an output of 0.32Mtpa, Yinshan Mine in China emerged as the world’s biggest lead mine in 2020.

The world’s ten biggest lead mining operations together accounted for 28% of the global lead output in 2020.

Mine Name Country State Owner Mine Type & Method Production 2020 (Thousand tonnes)
Yinshan Mine China Jiangxi Jiangxi Copper Co Ltd(100%) Surface & Open Pit 322.62
Mount Isa Zinc Mine Australia Queensland Glencore Plc(100%) Surface and Underground & Open Pit/Long Hole Stoping 161.9
Castellanos Project Cuba Pinar del Rio GeoMinera S.A(51%), Trafigura Group Pte Ltd(49%) Surface & Open Pit 120.08
Cannington Mine Australia Queensland South32 Ltd(100%) Underground & Long Hole Stoping 110.4
Sindesar Khurd Mine India Rajasthan Vedanta Resources Ltd(64.92%), Government of India(29.54%), Undisclosed(5.54%) Underground & Stoping 100
Red Dog Mine United States Alaska Teck Resources Ltd(100%) Surface & Open Pit 97.5
Plovdiv Mine Bulgaria Plovdiv KCM 2000 Group(100%) Surface & To be confirmed 93.94
Fankou Mine China Guangdong Shenzhen Zhongjin Lingnan Nonfemet Co Ltd(100%) Underground & To be confirmed 92.44
Kardzhali Lead and Zinc Mine Bulgaria Kardzhali Harmony 2012, Ltd.(50%), Undisclosed(50%) Surface & To be confirmed 92.24
Penasquito Mine Mexico Zacatecas Newmont Corp(100%) Surface & Open Pit 81.19

Source: GlobalData

Major Upcoming Lead Mines

Mining Technology lists the major upcoming lead mines in the world by comparing annual production capacities of upcoming lead mining projects.

The Torlon Hill Project in Guatemala is the biggest upcoming lead mine in the world, with an annual production capacity of 0.19Mt.

The Hermosa Project in the US and the Admiral Bay Project in Australia are the next major upcoming lead mines with capacities of 0.118Mt and 0.115Mt, respectively.

Mine Name Country State Owner Mine Type & Method Annual Production Capacity (Thousand tonnes)
Torlon Hill Project Guatemala Huehuetenango Firestone Ventures Inc(100%) Surface & Open Pit 198.05
Hermosa Project United States Arizona South32 Ltd(100%) Surface and Underground & Sub Level Stoping 118.84
Admiral Bay Project Australia Western Australia Metalicity Ltd(80.3%), Undisclosed(19.7%) Underground & Room and Pillar 115
Ozernoe Mine Russia Buryatia Metropol Group(100%) Surface & Open Pit 108
Pickett Mountain Project United States Maine Wolfden Resources Corporation(100%) Underground & Long Hole Stoping 104.51
Abra Base Metals Project Australia Western Australia Galena Mining Ltd(77.28%), Toho Zinc Co., Ltd.(22.72%) Underground & Long Hole Stoping 95
Pine Point Project Canada Northwest Territories Osisko Metals Inc.(100%) Surface and Underground & Open Pit/Long Hole Stoping 64.86
Dairi Project Indonesia North Sumatra China Non-ferrous Metal Industry’s Foreign Engineering and Construction Co Ltd(51%), Undisclosed(31.5%), PT Bumi Resources Tbk(17.5%) Underground & Long Hole Stoping 63.75
Pegmont Project Australia Queensland Vendetta Mining Corp(100%) Surface and Underground & Open Pit/Cut and Fill 56.24
Sorby Hills Project Australia Western Australia Boab Metals Ltd(75%), Henan Yuguang Gold and Lead Co Ltd(25%) Surface & Open Pit 50

Source: GlobalData



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