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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.
Zinc, for example, which cost $2,021 (in 2000 dollars) per ton in 1900, had dropped to $1,226 in 2000 (with many peaks and valleys in between). The price of lead fell overall over the century, with its 2000 price at $961 per ton compared with $2,083 in 1900.learly, even though the mining of these minerals between 1950 and 2000 used up much more than the known 1950 reserves, the known supplies of these minerals were greater in 2000 than in 1950. This increase in presumably finite stocks is explained by the way data on natural resources are compiled.