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Published: Sep 1, 2023 09:01
"Summary of SMM Lead Morning Meeting: Fund Guidance Far Exceeds Fundamentals, Lead Price Climbs to Near 3-Year High - Industrial and Commercial Bank and Agricultural Bank lowered one-year, two-year, three-year and five-year RMB fixed deposit interest rates. On the fundamentals side, in September, due to the increase in new and restarted production, the expected supply of primary lead and secondary lead increased. On the one hand, the increase in supply led to an expected increase in lead ingot inventory; on the other hand, the demand for lead concentrate and waste batteries further increased..."

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.

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