In the first quarter of 2023, lead ingot prices experienced a significant double-digit decline, while the second quarter showed greater stability, boosted by demand from key regions like Europe and the US, which bolstered China’s export rates. China’s lead ingot production rebounded in Q2 as smelters resumed operations. Despite economic and operational challenges, China’s production remained relatively unaffected. European demand struggled due to economic sluggishness and technical recession. Anticipated steady lead ingot prices in the latter half of 2023 are attributed to robust Chinese exports compensating for weaker output in major demand areas, amid varying economic conditions.
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Definition
Lead Ingot are metal blocks that consist of solidified lead, a heavy and malleable element. They serve as raw materials for various industrial applications. Lead Ingot possess a bluish-white hue and exhibit low melting and boiling points. Due to their high density, they’re utilized in radiation shielding and battery production. Lead’s resistance to corrosion makes it valuable for plumbing and construction. However, its toxicity has led to reduced usage in recent times.
Key Details About the Lead Ingot Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Lead Ingot in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Lead Ingot Price chart, including India Lead Ingot price, USA Lead Ingot price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Lead Ingot Price Trend:
Lead Ingot find extensive industrial utilization across multiple sectors. In the automotive industry, they are employed in manufacturing lead-acid batteries, crucial for vehicles. The construction sector utilizes Lead Ingot for roofing, plumbing, and radiation shielding due to its corrosion resistance and density. In electronics, lead is used for soldering and semiconductors. The military employs lead for ammunition and radiation protection gear. Despite reduced usage due to its toxicity, Lead Ingot are still essential in various industries due to their unique properties. However, efforts to minimize environmental impact and health risks have led to exploring alternatives in some applications.
Key Players:
- Mars Metal Company
- American Elements
- Pilot Industries Limited
- Gravita India Ltd
- Jayachandran Alloys (P) Ltd
News and recent development:
Lead prices likely to rule at levels similar to 2022.Since the beginning of 2023, lead metal prices have decreased by over 10%; analysts predict that this year, prices will be around $2,000 per tonne, comparable to 2022.
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