Iron ore port inventory shrinks for fourth consecutive week

[SMM Lead Market News] It was learned that since April, affected by environmental protection rectification and extended shipping cycles, lead smelters in Southeast Asia have experienced production cuts and shutdowns. Lead ingot supply has gradually tightened, spot premiums have risen, and high-grade lead ingots have even become difficult to source. Currently, the SMM Malaysia lead ingot 99.99-99.995% CIF premium was quoted at $150-170/mt, with a few suppliers once again making exploratory offers at a premium of $200/mt, though no transactions have been concluded at this price.

[Waste Lead-Acid Battery Market Dynamics] It was reported that one waste lead-acid battery collection and storage entity has been established in Zhangye City, Gansu Province, namely Zhangye Mingcheng Waste Battery Recycling Co., Ltd., which has obtained the Hazardous Waste Operating License issued by the Department of Ecology and Environment of Gansu Province. The approved operating method and category is the collection (HW31, 900-52) of waste lead-acid batteries, with an operating capacity of 2,000 mt/year. A total of 4 waste lead-acid battery collection sites have been set up across the city.

[Lead-Zinc Ore Market Dynamics] A project advancement meeting for the Feihushan lead-zinc mine was held this week in Huzhong District, Heilongjiang, chaired by Guan Jingjun, Deputy Secretary of the District Party Committee and District Governor. The total investment for the Feihushan lead-zinc polymetallic mine development project is expected to be 396.7111 million yuan, with all required funds to be self-raised by the enterprise. Upon completion, the project will have an annual capacity of 300,000 mt of raw ore (including 200,000 mt of lead-zinc ore and 100,000 mt of iron ore). The mineral processing products will be lead concentrates, zinc concentrates, and iron ore concentrates, with a service life of 14 years (excluding a 4-year construction period).