Evolution rather than revolution – time for battery metal lead to show resilience as ICE age draws to an end
While the impact of the virus is set to linger for many years to come, last year’s COP26 gathering in Glasgow provided a timely reminder of the longer-term climate change threat and injected fresh urgency to the ‘greening’ of the global economy. One important thread of this transition is vehicle electrification amid a wider energy storage move away from fossil fuels towards renewable power. The resilience of the lead-based battery sector, under threat from the rise of lithium-based batteries; is the key factor that will determine the lead price path in the years ahead. Battery metal lead is not only defending its dominant presence across diverse applications, but also looking to find some growth opportunities ahead. Through this extended evolution, CRU believes that lead is set to play a role in a ‘greener’, more sustainable world. The only uncertainty is how big or small that role will ultimately prove to be.
Neil has been responsible for CRU’s lead market analysis for over 30 years and is the main author of the company’s regular reports on this metal and is a regular speaker at conferences. First founded in 1969, CRU specialises in commodities, delivering global business intelligence across a wide variety of non-ferrous and ferrous metals through analysis, prices, consulting and conferencing.