May 19th SMM lead spot price

Published: May 19, 2020 11:11

  

"Click to view SMM exclusive spot metal price historical data

In 2019, global trade disputes escalated, the global economy was under pressure, and central banks began a wave of interest rate cuts. At the same time, the meeting of the political Bureau of the CPC Central Committee stressed that at present and for some time to come, the basic trend of China's economic stability and long-term improvement will remain unchanged, and 2020 will also be the year when China will build a moderately prosperous society in an all-round way and the 13th five-year Plan ends. In this context, the new crown virus is rampant all over the world, and it is worth looking forward to how to achieve steady economic growth.

In the zinc market, the production of overseas mines increased step by step in 2019, but the production of domestic mines was repeatedly hindered. In the first quarter of 2020, zinc prices fell below the mine cost line, and mine profits plummeted. How will the profits of smelters and mines be distributed in 2020? can overseas mines be expected to be put into production under the disturbance of the epidemic? In addition, the output of domestic zinc refining smelters broke through the bottleneck and set a new record in 2019, but under the disturbance at the supply end of zinc mines in 2020, can the capacity utilization rate of smelters maintain a high load? Whether the infrastructure investment under the tone of "stabilizing the economy" in 2020 can exceed the expected performance, whether the galvanizing industry can exceed the seasonal performance is still worth looking forward to, and the contradiction between supply and demand of zinc may be reversed in 2020, so paying attention to and distributing structural opportunities is another choice. Can zinc prices fall and rise in 2020?

In response to the above topics, SMM will invite industry celebrities, industry professionals, enterprises from the upper and lower reaches of the industrial chain to hold the "2020 (15th) lead and Zinc Summit" in Changsha to jointly discuss the current situation and problems of the industry, as well as the future development prospects, and analyze the fundamentals and the future trend of zinc prices.

Click to sign up for SMM 2020 (15th) lead and Zinc Summit

Scan the QR code in the picture to sign up for the lead-zinc summit and fill in the personal information on the last page. The meeting staff will contact you later!

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Yunnan Chihong Zn & Ge Focuses on Germanium Extraction, Advances Projects with Joint Venture
2 hours ago
Yunnan Chihong Zn & Ge Focuses on Germanium Extraction, Advances Projects with Joint Venture
Read More
Yunnan Chihong Zn & Ge Focuses on Germanium Extraction, Advances Projects with Joint Venture
Yunnan Chihong Zn & Ge Focuses on Germanium Extraction, Advances Projects with Joint Venture
[Lead Smelter Updates] Recently, Yunnan Chihong Zn & Ge Co., Ltd. (600497) stated on an interactive platform that the company primarily focuses on the extraction, enrichment, and efficient recovery technologies of germanium resources associated with lead-zinc mines. By deepening strategic collaboration with its joint venture Chalco Qianxing (Chengdu) Technology Co., Ltd., it continues to provide stable, high-quality germanium raw material supplies. The processing of the mining license and project design optimization for the Jinxin Molybdenum Mine are progressing in an orderly manner. The Huize Mining Mine Plant has not implemented a deep expansion project; instead, it is advancing the optimization of its deep safety system, which is expected to be completed by the end of 2026.
2 hours ago
Chilwee Power Announces Passing of Executive Director Zhou Longrui Due to Illness
3 hours ago
Chilwee Power Announces Passing of Executive Director Zhou Longrui Due to Illness
Read More
Chilwee Power Announces Passing of Executive Director Zhou Longrui Due to Illness
Chilwee Power Announces Passing of Executive Director Zhou Longrui Due to Illness
[Lead Market Dynamics] Yesterday, Chilwee Power (00951) issued an announcement stating that Executive Director Zhou Longrui passed away due to illness on February 6, 2026.
3 hours ago
Yunnan Chihong Zn & Ge Updates on Huize Mine, Hulunbuir Project, and Future Plans
3 hours ago
Yunnan Chihong Zn & Ge Updates on Huize Mine, Hulunbuir Project, and Future Plans
Read More
Yunnan Chihong Zn & Ge Updates on Huize Mine, Hulunbuir Project, and Future Plans
Yunnan Chihong Zn & Ge Updates on Huize Mine, Hulunbuir Project, and Future Plans
[Lead Smelter Updates] Recently, Yunnan Chihong Zn & Ge Co., Ltd. (600497) responded to investor inquiries on an interactive platform, stating that the Huize mine is currently operating normally. After the completion of the Huize mine safety optimization project, the mine will resume its existing capacity release. The Hulunbuir Chihong rare and precious metals project has already commenced production, with an annual capacity of 380 mt of silver. The Yunnan Chihong comprehensive utilization of resources rare and precious metals project and the zinc alloy capacity expansion project are still in the preliminary planning stage, and whether these projects will ultimately proceed to construction remains uncertain.
3 hours ago