Lead Supply Disruptions Due to Environmental, Maintenance Factors; Fiscal Policy Boost May Impact Prices

SMM Lead Morning Meeting Summary: Supply Affected by Environmental Protection, Maintenance, and Imports; Lead Prices May Hover at Highs

China's Ministry of Finance: In 2025, fiscal policy will be more proactive, with an increase in the fiscal deficit ratio and a larger scale of government bond issuance. Recently, lead smelters in Henan have entered maintenance, coupled with other planned maintenance, it is expected that primary lead supply in April will decrease MoM...