Global production of Lead amounted to 4,482 Thousand Tonnes in 2020
Production declined by a CAGR of 0.78% between 2017 to 2020,and is expected to grow by...
GlobalData projects the production to decline at a CAGR of...
Impact of COVID-19 on Global Lead production?
According to the US Geological Survey (USGS), global lead reserves held a significant position as of January 2021. Of this, Australia, China, Russia, Peru and Mexico hold the major share. These were followed by Russia, India, Kazakhstan, Bolivia and Sweden.
Global lead mine production declined in 2020, primarily due to the impact of the COVID-19 pandemic, which resulted in the temporary suspension of several mines, including Raura, Uchucchacua, Milpo No.1 and Atacocha, and the El Porvenir, Bismark and Francisco I. Madero, Antamina, Aguilar and Tara mines. In addition, mine-specific issues such as a pit failure at Vedanta’s Skorpion mine, a breakdown in the ore conveyor belt at the Boliden’s Tara mine and an illegal blockade at Americas Gold and Silver Corp.’s San Rafael mine further disrupted lead mine production.
Lead Production
Global lead production is expected to recover in 2021, after registering a decline in 2020, amid the COVID-19 pandemic. The most significant declines were observed in Peru and China– globally, almost majority of lead originates from these two countries. The temporary suspension of several mines, including the Raura, Uchucchacua, Milpo No.1 and Atacocha, and the El Porvenir, Bismark and Francisco I, Madero, Antamina, Aguilar and Tara mines coupled with mine-specific issues such as a pit failure at Vedanta’s Skorpion mine, a breakdown in the ore conveyor belt at the Boliden’s Tara mine and an illegal blockade at the Americas Gold and Silver Corp.’s San Rafael mine – disrupted supply.
Key lead producers
Glencore Plc, the largest lead producer globally, produced significant share of lead in 2020, suffering decline compared with 2019. This was primarily due to maintenance works at its Kazakhstan mining operations, coupled with the suspension of operations at the Aguilar mine in Q1 2020 for safety reasons. In addition, amid COVID-19 pandemic, the company halted the operations at the Antamina mine in Peru for a six-week shutdown during the June 2020 quarter.
Vedanta is one of the world’s leading lead-producing companies, with headquarters in the UK. Together with lead, it also produces zinc, silver, iron ore, steel, copper, aluminum, power, and oil and gas. The company’s operational lead projects include the Sindesar Khurd, Zawar, Black Mountain, Rampura Agucha, Kayad and Rajpura Dariba mines.
Other notable key lead producers are:
Switzerland
China
Japan
Luxembourg
South Korea
Japan
United Kingdom
Australia
Japan
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