Global Lead Concentrate Output in Q1 2025: In a Glance
Australia recorded the largest decline, producing 91,000 tonnes of lead in concentrate in the quarter—down 12,000 tonnes YoY and 22,000 tonnes QoQ—due to January wildfires and floods in February and March. North America also posted a drop of 7,000 tonnes YoY and 12,000 tonnes QoQ, mainly driven by Mexico, where lower ore grades and reduced milling volumes weighed on output.
Overall, weather-related disruptions were the main factor behind weaker-than-expected production. A mild recovery is anticipated in Q2.
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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