For the latest shared monthly observation, 2026-08, Zinc was 3,875.00 USD per tonne and Lead was 1,855.00 USD per tonne. Latest shared monthly release. The chart indexes both series to 100 at their first shared date.
Zinc and lead are distinct refined-metal references with different dominant end uses. Zinc is strongly associated with galvanising, while lead is closely associated with lead-acid batteries and shielding. Zinc is commonly associated here with galvanising · die casting · alloys; Lead with lead-acid batteries · shielding.
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61 monthly observations · 2021-08-01 to 2026-08-01 · Starting value = 100
World Bank Pink Sheet. Ratios use aligned prices; yearly figures average monthly observations.
Zinc vs Lead price comparison historical observations
Period
Zinc index
Lead index
2026-08-01
129.69
76.84
2026-07-01
120.45
76.30
2026-06-01
118.44
80.61
2026-05-01
116.53
82.48
2026-04-01
112.58
79.95
2026-03-01
106.49
77.80
2026-02-01
111.24
79.41
2026-01-01
107.53
82.64
2025-12-01
106.02
80.36
2025-11-01
106.33
82.77
2025-10-01
105.49
81.52
2025-09-01
98.16
80.99
2025-08-01
93.34
80.65
2025-07-01
92.47
82.56
2025-06-01
88.86
81.77
2025-05-01
88.49
81.11
2025-04-01
87.75
78.83
2025-03-01
96.69
84.22
2025-02-01
93.71
81.07
2025-01-01
94.34
79.58
2024-12-01
101.54
82.44
2024-11-01
100.54
82.35
2024-10-01
103.95
84.26
2024-09-01
94.95
82.85
Zinc and Lead: the monthly snapshot.
This snapshot uses the latest shared monthly observation and an initial five-year window, shortened when the common archive is smaller. It stays on that labelled basis when you explore another chart range above.
Zinc · USD / tonne3,875.00
Lead · USD / tonne1,855.00
Shared observation month2026-08
Shared monthly observations61
World Bank Pink Sheet. Monthly averages; not executable transaction quotes.
From 2021-08 to 2026-08, the shared monthly window changed +29.69% for Zinc and -23.16% for Lead. The endpoint difference was 52.84 index points. This describes the selected historical window, not a forecast.
Zinc change over this window
+29.69% from 2021-08 to 2026-08.
Lead change over this window
-23.16% over the same observation dates.
What separates these markets?
Zinc
Zinc is widely used to galvanise steel. This refined-metal reference does not represent the price of finished galvanised products or local scrap.
Both source series use USD per tonne. Matching units make the nominal figures easier to read together, but Zinc and Lead still have separate specifications and markets.
Market context
Both sit in industrial metals, yet their stated uses differ: Zinc — Galvanising · Die casting · Alloys; Lead — Lead-acid batteries · Shielding. A shared category does not make the products substitutes.
Shared history
The overlapping selectable frequencies are monthly and yearly. Daily comparison is offered only when both stored series have daily coverage; otherwise monthly observations provide the common basis.
Key relationships in plain English
These subject–relationship–object facts keep the two commodities, their units and the chart method separate.
Semantic relationships between Zinc and Lead
Subject
Relationship
Object
Why it matters
Zinc
is published in
USD per tonne
Read zinc in its original source unit before converting it.
Lead
is published in
USD per tonne
Read lead in its original source unit before converting it.
Zinc
is used in
Galvanising · Die casting · Alloys
These uses provide context for zinc demand; they do not explain every price move.
Lead
is used in
Lead-acid batteries · Shielding
These uses provide context for lead demand; they do not explain every price move.
Zinc versus Lead
is aligned on
61 shared monthly observations from 2021-08 through 2026-08
The chart compares matching dates and gives both series a starting index of 100.
A zinc benchmark is not a galvanised-product price
The zinc reference tracks metal rather than the finished products in which it is used. A galvanised component includes steel, processing and other costs. Applying a zinc reference to its whole weight would overstate zinc content and omit the product’s other materials.
Refining and delivery: Available refined supply, location and transport influence physical offers. Use consistent grade and delivery terms when comparing them.
Refined lead and battery recovery are different calculations
A refined lead reference is not a direct buyback price for a used battery. A battery contains other materials and needs appropriate handling and recovery. The chart describes the published metal series; a physical offer depends on the material and the buyer’s actual terms.
Recovered supply: Used products can supply recoverable lead. Recovery yield and processing costs affect the value of those products.
Interpretation for this pair. Zinc and lead are distinct refined-metal references with different dominant end uses. Zinc is strongly associated with galvanising, while lead is closely associated with lead-acid batteries and shielding. Zinc is commonly associated here with galvanising · die casting · alloys; Lead with lead-acid batteries · shielding. The chart uses only dates present in both series and starts each at 100. Missing observations are omitted rather than filled with zero.
When this comparison is useful.
Zinc and lead are distinct refined-metal references with different dominant end uses. Zinc is strongly associated with galvanising, while lead is closely associated with lead-acid batteries and shielding.
End-use cycles can diverge
Steel coating activity and battery demand are different markets. A shared industrial-metals label does not mean the two references should rise or fall together.
Scrap is not refined metal
Used batteries and zinc-bearing scrap involve sorting, recovery, handling and local requirements. Their buyer prices should not be inferred by multiplying gross weight by a refined benchmark.
Shared dates make the chart valid
Both histories use USD per tonne. The chart aligns their observation months and omits unmatched dates rather than manufacturing a continuous relationship.
Questions about zinc and lead.
What did the shared Zinc and Lead window show?
From 2021-08 to 2026-08, the shared monthly window changed +29.69% for Zinc and -23.16% for Lead. The endpoint difference was 52.84 index points. This describes the selected historical window, not a forecast. Change the chart range to test another starting point; the labelled monthly snapshot keeps its own initial window.
Which Zinc and Lead frequencies overlap?
The overlapping selectable frequencies are monthly and yearly. Daily comparison is offered only when both stored series have daily coverage; otherwise monthly observations provide the common basis.
Can Zinc and Lead price levels be compared directly?
Both source series use USD per tonne. Matching units make the nominal figures easier to read together, but Zinc and Lead still have separate specifications and markets. The indexed view answers how each stored reference moved from a shared starting date; it does not calculate a transaction return.
What should I check before comparing Zinc and Lead?
Both sit in industrial metals, yet their stated uses differ: Zinc — Galvanising · Die casting · Alloys; Lead — Lead-acid batteries · Shielding. A shared category does not make the products substitutes. Also confirm the observation date, grade or purity, delivery terms and costs that apply to the actual product.