Lead prices, $/mt last = 1964.5 1w: +34 (1.7%)
Consensus (median)24202380229024802350
Standard Deviation195253267302273
Count of Estimates222118114

I assume that lead prices will continue their rally over the next 6-9 months which is a result of supply declining: tight conditions for concentrate inside China, zinc mine closure (lead is a component in the zinc mine). However, already in next year, I expect surplus pressure due to (1) assumed return of Glencore's Australian assets, (2) recovery at South32's Cannington.