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Lead Prices Surge as Market Dynamics Shift in 2024

Lead Prices Surge as Market Dynamics Shift in 2024

Lead prices have surged by 95.50 USD/MT, reflecting a 4.69% increase since the start of 2024. This growth is based on trading trends in contracts for difference (CFD) that monitor the benchmark market for this vital commodity. Historically, lead reached an all-time high of 3989 USD/MT in October 2007.

Looking ahead, analysts predict that lead will trade at 2018.30 USD/MT by the end of this quarter, according to global macroeconomic models and expert expectations. Additionally, projections indicate a potential decline, with prices estimated to stabilize around 1917.71 USD/MT within the next twelve months.