Prices
Updated: June 9, 2026| Exchange / Source | Price | Unit | Date |
|---|---|---|---|
| LME | $1,999 | USD/t | June 9, 2026 |
| SHFE | ¥16,190 | RMB/t | June 9, 2026 |
Indicative reference snapshot. Official prices at lme.com · shfe.com.cn.
About Lead
Editorial overviewWhat is lead?
How lead is priced
- London Metal Exchange (UK) — Standard Lead (PB), USD, Physical
- Shanghai Futures Exchange (China) — Lead (PB), CNY, Physical
- Multi Commodity Exchange of India (India) — Lead (LEAD), INR, Physical
Principle: One True Source for All. Every officially regulated exchange with an active contract is listed, regardless of geography or sanctions. Cash-settled contracts list both the listing exchange (where the contract clears) and the underlying benchmark index used for final settlement. Fastmarkets, S&P Global Platts and Argus are regulated benchmark administrators under UK/EU BMR, not exchanges. Source: TSM exchanges registry (maintained from public regulatory and exchange filings).
Where lead comes from
Who produces lead
What lead is used for
Key facts about lead supply
- USGS Mineral Commodity Summaries 2026: world lead reserves were 95 million metric tons and world mine production in 2025 was 4.5 million metric tons, implying about 21 years of reserve cover. USGS Mineral Commodity Summaries 2026
- USGS Mineral Commodity Summaries 2026: China produced 1.9 million metric tons of lead in 2025, far ahead of Australia at 480 thousand metric tons and Peru at 290 thousand metric tons. USGS Mineral Commodity Summaries 2026
- USGS Mineral Commodity Summaries 2026: estimated secondary lead production in 2025 was 1 million tons, equal to 70% of apparent domestic consumption, and nearly all of it came from old scrap. USGS Mineral Commodity Summaries 2026
- USGS Mineral Commodity Summaries 2026: nearly all lead concentrate production has been exported since the last primary lead refinery closed in 2013. USGS Mineral Commodity Summaries 2026
Sources: USGS Mineral Commodity Summaries 2026 — Lead, ILZSG Publications List, ILZSG website
Mine Production by Country
Source: USGS MCS 2026| Country | 2024 | 2025e | Reserves |
|---|---|---|---|
| United States | 304 | e280 | 4,600 |
| Australia | e481 | e480 | 34,000 |
| Bolivia | 110 | e100 | 1,600 |
| China | 1,940 | e1,900 | 22,000 |
| India | e226 | e220 | 1,900 |
| Iran | e70 | e70 | 2,000 |
| Mexico | 240 | e200 | 5,600 |
| Peru | 291 | e290 | 5,000 |
| Russia | 260 | e260 | 8,900 |
| Sweden | 75 | e70 | 1,700 |
| Tajikistan | e39 | e40 | NA |
| Turkey | e66 | e70 | 1,600 |
| Other countries | 498 | e500 | 5,900 |
| World total (rounded) | 4,600 | 4,500 | 95,000 |
Unit: thousand metric tons. "e" = estimated, "W" = withheld, "NA" = not available. Source: USGS Mineral Commodity Summaries 2026
Reserves by Country (Top 10)
Source: USGS MCS 2026| Country | Reserves (thousand metric tons) |
|---|---|
| Australia | 34,000 |
| China | 22,000 |
| Russia | 8,900 |
| Other countries | 5,900 |
| Mexico | 5,600 |
| Peru | 5,000 |
| United States | 4,600 |
| Iran | 2,000 |
| India | 1,900 |
| Sweden | 1,700 |
| World Total | 95,000 |
LME Warehouse Stocks
Report date: 2026-06-08Official daily on-warrant stocks held in LME-approved warehouses worldwide. End-of-day total, not real-time. Use the trend below as a physical-supply signal alongside spot and futures pricing.
| Metric | Value |
|---|---|
| LME on-warrant stocks | 309,250 t |
| Daily change | -1,100 t |
| Report date | 2026-06-08 |
How to read this
Rising stocks typically signal market surplus or weakening demand. Falling stocks typically signal tightening physical supply or strong end-use demand. Cancelled warrants (metal earmarked for withdrawal) are a leading indicator of future stock draws.
For warehouse location breakdown, cancelled warrants, and historical series, consult the LME official stock reports directly.
Other exchanges (SHFE, COMEX) — official sources
- SHFE publishes weekly on-warrant stocks each Friday in Chinese local time: SHFE Weekly Stock Report.
- CME Group (COMEX) publishes daily warehouse stocks for copper: COMEX Copper Stocks.
TSM Hub does not auto-fetch SHFE or COMEX stocks (SHFE anti-bot challenge; CME Group Terms of Use explicitly prohibit automated access). Links point to originating exchanges for direct consultation.
Sources: London Metal Exchange (originating) via Westmetall (public LME mirror) · Last updated: 2026-06-09 18:13:45 UTC · All warehouse data on hub homepage →
Major Producers (20)
Ranked by latest disclosed Pb-contained productionCompanies ranked by most recently disclosed annual lead production (Pb-contained, kilotonnes). Each card links to the primary source (annual report, production report, or exchange filing). "Not disclosed" means the company does not publish metal-specific tonnage — common for private Chinese/state-owned groups and pre-production projects.