SMM June 12 news:
During June 5-11, 2026, the weekly operating rate of secondary lead in four provinces tracked by SMM stood at 29.7%, up 1.31 percentage points WoW. Some smelters in Anhui cut production due to losses and tight raw material supply, while large smelters resumed production and ramped up, offsetting the reduction and lifting the regional operating rate by 2.39 percentage points. The sharp drop in lead prices drove down scrap battery prices and boosted circulation; after restocking raw materials, Henan smelters raised production, while enterprises in Jiangsu cut production due to losses. Next week, small smelters in Inner Mongolia plan to resume production, and the regional operating rate is expected to increase by 3.41 percentage points. Other enterprises will adjust production based on changes in raw materials and lead prices.
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