SMM Shanghai 1 # lead Market News on October 31: lead futures have fallen sharply and the downstream market is not willing to buy at a low price.

It is reported that the Xiejiagou Lead-Zinc Flotation Plant, a core supporting project of Jinhui Mining’s Jiangluo Mine with a designed processing capacity of 1.5 million tonnes per year, recently successfully completed ore-feed commissioning, marking a major milestone in the mine’s capacity development. The flotation plant was specifically constructed to support the Jiangluo Mine’s own mineral resources, with all feedstock sourced from the Xiangyangshan, Xiejiagou, and Yangjiashan lead-zinc mines within the mining area. Once operational, the plant will enable centralized and efficient processing of the mine’s own ore, significantly increasing the company’s ore-processing capacity and beneficiation efficiency while improving the overall utilization of mineral resources.

On August 27, Boliden and Votorantim entered into a definitive agreement under which Boliden will acquire Votorantim’s entire 64.68% stake in Nexa through a share-swap transaction valued at approximately $1.31 billion. Following completion, Votorantim will hold around 7.0% of Boliden, while Boliden plans to launch a cash tender offer for Nexa’s remaining publicly held shares. Nexa operates 5 zinc, lead, copper and silver-related mining and 3 smelting assets in Brazil and Peru. The transaction will significantly expand Boliden’s global zinc business and extend its presence into Latin America. Closing remains subject to shareholder and regulatory approvals and is now expected in Q1 2027.