offtake · non-aligned supply brief

Lead (Pb)

base · criticality 3/10 · substitutability: moderate

MOS Rank

#53

score 13.9 · conf 43%

Published 2026-04-17 · Mineral Opportunity Score ranks all 58 tracked minerals by broker profitability.

Why this week

  • —Thin non-aligned supply — sourcing hard
  • —Liquid exchange — low broker spread

Supply concentration

47% of global production is in China + Russia

HHI 2200

China 44% · Russia 3%Non-aligned 53%

Top producers

  • China44%
  • Australia10%
  • USA6%
  • Peru6%
  • Mexico5%

Get next week's brief

Every Monday: the top 3 critical minerals ranked by broker opportunity, with non-aligned supply signals. No spam, unsubscribe anytime.