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.

Silver Storm Mining announced the first shipment of lead-silver and zinc concentrates from its 100%-owned La Parrilla Silver Mine Complex in Durango, Mexico, marking the project’s transition into a revenue-generating stage. The company successfully produced initial concentrates using the sulphide processing circuit and completed the shipment of 105 dry metric tonnes of lead-silver concentrate and 70 dry metric tonnes of zinc concentrate under its previously announced offtake prepayment agreement. Silver Storm said it will continue ramping up sulphide circuit throughput toward the plant’s nameplate capacity of 1,250 tonnes per day. CEO Greg McKenzie said the first shipment represents a key milestone, confirming La Parrilla’s transition from care and maintenance to an operating asset capable of generating revenue, with ongoing concentrate shipments expected under the offtake agreement.

Santacruz Silver reported Q2 2026 production of 1.57 million oz of silver, 23,240 mt of zinc, 3,165 mt of lead and 337 mt of copper across its operations in Bolivia and Mexico. This was equivalent to 2.81 million silver-equivalent oz, or 59,680 zinc-equivalent mt. Silver production at the Bolivar mine increased 32% QoQ.