| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Lead Ingot | China | FOB | USD 2,411.65/MT | April 2026 |
| Lead Ingot | India | CIF | USD 2,461.65/MT | April 2026 |
| Lead Ingot | USA | CIF | USD 2,498.65/MT | April 2026 |
| Lead Ingot | Brazil | CIF | USD 2,532.65/MT | April 2026 |
| Lead Ingot | Canada | CIF | USD 2,501.65/MT | April 2026 |
| Lead Ingot | China | FOB | USD 2,392.24/MT | March 2026 |
| Lead Ingot | India | CIF | USD 2,447.24/MT | March 2026 |
| Lead Ingot | USA | CIF | USD 2,479.24/MT | March 2026 |
| Lead Ingot | Brazil | CIF | USD 2,490.24/MT | March 2026 |
| Lead Ingot | Canada | CIF | USD 2,482.24/MT | March 2026 |
Stay updated with the latest lead ingot prices, historical data, and tailored regional analysis
In the second half of 2025, lead ingot prices in China experienced significant fluctuations driven by a mix of supply, demand, and external market factors. In July, prices initially rose as domestic production resumed after maintenance and secondary lead smelters brought new capacity online. Tight raw material supply, coupled with expectations of a peak consumption season for lead acid batteries, supported the upward trend. However, uncertainties around US tariffs and weak domestic consumption limited price gains, causing some short-term reversals.
In August and September, lead prices remained relatively stable but faced downward pressure from low trading activity and cautious market sentiment. Imported lead ingots became less competitive due to tariffs and higher delivery costs, while domestic inventories began to normalize. By October, LME lead prices had dropped, and this dragged down domestic prices initially. Environmental inspections and production halts in parts of North and Central China later in the month created supply tightness, pushing prices back up.
In November, speculative buying temporarily lifted prices to new highs for the period. Yet, as overseas inventories surged and macroeconomic sentiment turned bearish, both LME and domestic prices pulled back again. Overall, H2’25 showed a seesaw pattern where supply constraints, production adjustments, and tariff concerns caused repeated short-term rises and falls in lead ingot prices.
Analyst Insight
According to Procurement Resource, Lead Ingot prices are expected to remain moderately stable, with occasional upward spikes if supply tightness or strong battery demand occurs.
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| Product | Category | Region | Price | Last Updated Month |
| Lead Ingot | Energy, Metals and Minerals | China | 2287 USD/MT | January 2025 |
| Lead Ingot | Energy, Metals and Minerals | China | 2332 USD/MT | June 2025 |
During the first half of 2025, lead ingot prices in China moved within a fluctuating range, reflecting shifts in supply and demand conditions. The prices were about 2287 USD/MT (Spot FD) in January and around 2332 USD/MT in June. However, after few days, signs of recovery appeared, supported by short-term improvements in market sentiment and seasonal demand from downstream sectors.
In the early weeks, non-ferrous metals, including lead ingot, registered fluctuations according to official Chinese data. This volatility highlighted sensitivity to broader macroeconomic factors. Market activity showed increased buying interest at intervals, allowing prices to stage temporary rebounds. However, these gains were periodically offset by corrections, particularly when supply conditions eased or when demand from battery manufacturers slowed.
By mid-period, the market faced pressure from weaker downstream consumption. Lead-acid battery producers continued to operate cautiously, aligning production with actual sales rather than building large inventories. Procurement strategies remained conservative, and this limited demand side momentum weighed on prices.
On the supply side, operations at primary lead smelters were largely steady, though environmental checks and maintenance at certain facilities introduced brief constraints. Secondary or recycled lead output saw slower growth, making it difficult to fully bridge demand gaps when they appeared.
Later in the half, prices displayed renewed upward momentum. A combination of reduced production at some smelters and anticipation of stronger seasonal demand supported a firmer trend. Nonetheless, the overall market balance remained loose, as supply availability was generally sufficient, and demand did not accelerate significantly beyond expectations.
In general, ingot refers to a piece of relatively pure substance, often a metal, that is cast into a shape ideal for further processing. Lead Ingot is a silvery white lead product produced from a secondary procedure of shaping, such as cold/hot working, cutting, or milling. Lead Ingots are available in various sizes ranging from 10 LB ice cube tray ingots to 70 LB large ingots, with dross-free and smooth top surface. They are useful in general applications as ingots are generally the least costly form of metallic products.
Pb
For radiation shielding, Ballast, Counterweights, Building construction material, Ammunition, Lead acid battery, Lead products (sheet, pipes, wire, etc.), Lead oxides and chemicals, Pigments, Cable sheathing, Aerospace, Ship building, Re-melt for industrial applications
Lead pigs, Bullion or bar lead
Mars Metal Company, American Elements, Pilot Industries Limited, Gravita India Ltd, Jayachandran Alloys (P) Ltd
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Lead Ingots are produced from lead scraps/ raw lead bullions/ remelted or secondary lead ingots through pyro metallurgical process. In this process, thermal treatment of minerals and metallurgical ores and concentrates is carried out to bring about physical and chemical modifications in the materials to recover Lead Ingot. After thermal treatment, the obtained molten lead is mixed with alloys, including antimony, tin, etc. and finally casted into ingots.
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