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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 fell by 4.5% to average $1,976/t in July. The lead price fell to its lowest point since November 2020 in July, down to $1,891/t, though recovered by the end of the month to end on $2,203/t.

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 2021, followed by South32 and Teck Resources.

The world’s ten biggest lead producing companies together accounted for 18% of the global total lead output in 2021.

Current Rank Rank 2020 Company Name Headquarters
1 1 Glencore plc Switzerland
2 2 South32 Ltd Australia
3 3 Teck Resources Ltd Canada
4 5 Newmont Corp United States
5 4 Industrias Penoles SAB de CV Mexico
6 7 Volcan Compania Minera SAA Peru
7 6 Boliden AB Sweden
8 9 Hecla Mining Co United States
9 8 Zijin Mining Group Co Ltd China
10 10 Silvercorp Metals Inc Canada
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.

China, followed by Australia and the US, were the biggest among the list of countries by lead production in 2021.

The top ten lead producing countries together accounted for 85% of the global lead output in 2021.


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 0.132Mtpa, Mount Isa Zinc Mine in Australia emerged as the world’s biggest lead mine in 2021.

The world’s ten biggest lead mining operations together accounted for 20% of the global lead output in 2021.

Mine Name Country State Owner Mine Type & Method Production 2021 (Thousand tonnes)
Mount Isa Zinc Mine Australia Queensland Glencore Plc(100%) Surface and Underground & Open Pit/Long Hole Stoping 132.9
Castellanos Project Cuba Pinar del Rio GeoMinera S.A(51%), Trafigura Group Pte Ltd(49%) Surface & Open Pit 122.36
Cannington Mine Australia Queensland South32 Ltd(100%) Underground & Long Hole Stoping 114
Plovdiv Mine Bulgaria Plovdiv KCM 2000 Group(100%) Surface & To be confirmed 94.02
Fankou Mine China Guangdong Shenzhen Zhongjin Lingnan Nonfemet Co Ltd(100%) Underground & To be confirmed 93.05
Kardzhali Lead and Zinc Mine Bulgaria Kardzhali Harmony 2012, Ltd.(50%), Undisclosed(50%) Surface & To be confirmed 92.83
Red Dog Mine United States Alaska Teck Resources Ltd(100%) Surface & Open Pit 90
Penasquito Mine Mexico Zacatecas Newmont Corp(100%) Surface & Open Pit 77.13
Uchalinsk Mine Russia Republic of Bashkortostan Government of Bashkortostan(38%), Ural Mining and Metallurgical Co(38%), Undisclosed(24%) Surface and Underground & Open Pit/Room and Pillar 75.63
Sindesar Khurd Mine India Rajasthan Vedanta Resources Ltd(42.31%), Government of India(29.54%), Undisclosed(28.1499%) Underground & Stoping 56.02
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 0.198Mt.

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%) Underground & Long Hole 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 Top Global Projects

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