- Lead is a critical industrial metal used extensively across sectors such as batteries, construction, and radiation shielding, with its primary application being in the manufacturing of lead-acid batteries. These batteries are vital for automotive, industrial, and backup power systems
- The demand for lead is significantly driven by the rising adoption of electric vehicles (EVs) and the growing need for energy storage solutions, particularly in renewable energy systems. Over half of the global demand for lead is attributed to the battery segment, with the highest consumption seen in regions emphasizing sustainable energy storage
- North America leads the global lead market primarily due to high demand from the automotive industry, especially in the U.S., where lead-acid batteries are extensively used in both conventional and advanced vehicles, including electric and hybrid models
- For instance, China's push toward renewable energy and electric mobility has significantly increased its demand for lead-acid batteries, making it a global hub for lead-based energy solutions. Additionally, ongoing investments in grid energy storage are boosting domestic demand
- Globally, lead-acid batteries remain the most widely used battery type due to their cost-effectiveness, reliability, and recyclability. These batteries continue to be indispensable in start-stop vehicle systems, telecom towers, UPS systems, and off-grid solar applications, driving sustained demand for lead worldwide
