SMM Weekly Review: Lead Concentrate Market Outlook with Silver Price Decline

Published: Feb 28, 2025 16:10

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[SMM Weekly Review: Weekly Brief on Lead Concentrate Market] As the end of February approaches, there is no expectation for adjustments in March Pb50TC in the market, and smelters are not expected to see a recovery in lead concentrate supply in Q1. This week, silver prices weakened, prompting some smelters to actively inquire and buy the dip. TC for certain high-silver lead ores slightly decreased, but mainstream Pb50TC quotations remained at 500-800 yuan/mt (metal content).

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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