Lead is a heavy metal commodity traded on exchanges like the London Metal Exchange (LME). It is primarily used in batteries, particularly lead-acid batteries for vehicles and energy storage.
Description: Lead is a chemical element (symbol Pb) and a soft, malleable heavy metal. It has been used by humans for thousands of years, with modern applications centered on lead-acid batteries, which account for about 80% of global lead consumption. Other uses include radiation shielding, ammunition, and alloys. Lead is traded as a commodity on major exchanges such as the LME, with prices influenced by supply-demand dynamics, recycling rates, and environmental regulations. The metal is highly recyclable, with over 90% of lead-acid batteries being recycled. Major producers include China, Australia, and the United States. Lead's market role is critical for automotive and industrial energy storage, though its toxicity has led to declining use in other applications.
Established / Launched: Ancient times (modern trading: 1877)
