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Published: Dec 22, 2023 09:01
SMM lead morning meeting minutes: Consumption and raw material supply contradictions coexist, and short-term lead prices are difficult to change the deadlock. The deposit interest rates of state-owned major banks have been lowered for the third time this year: the long-term deposit interest rates have been reduced by a larger margin. In terms of the fundamentals, the logic of rising raw material costs remains unchanged, with tight supply of lead concentrate and scrap batteries, especially in the northern region where heavy snowfall has slowed transportation, leading to daily increases in scrap battery prices...

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