Recently, there have been new developments regarding lithium mine projects in Brazil. The Public Prosecutor's Office (MPF) has publicly stated that the advancement of local lithium mining has encountered issues such as insufficient consultation with communities and inadequate environmental risk assessments.

In summary, recent scrap battery prices have stabilized after a decline. With improving consumption of e-bike batteries and a rebound in lead prices, secondary lead smelting profits are nearing breakeven. Additionally, due to the upcoming Mid-Autumn Festival and National Day holidays, the customary stockpiling by downstream enterprises is expected to support lead prices. SMM believes that the willingness of secondary lead smelters to resume production may gradually increase. Currently, several idled secondary lead smelters have tentatively scheduled production resumptions for early October.