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By the. late 1990âs, the price of lead had increased tenfold compared. with the price at the beginning of the century. In terms of. 1992 dollars, however, the price of primary refined lead was. $0.39 per pound in 1998 compared with $0.59 per pound in. 1959. Historically, lead has not been and is not a price-elastic.
Best Answer: LEAD MARKET PRICES Refined lead prices declined throughout most of 1998. The average London Metal Exchange and North American Producer prices per pound were $0.240 and $0.453, respectively, which were down by $0.043 per pound and $0.013 per pound, respectively, compared with those of the previous year.