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Published: Apr 30, 2024 09:01
【SMM Lead Morning Meeting Summary: Prominent Contradiction in Raw Material Supply such as Scraps, Likely to Support a Short-term Strong and Volatile Lead Price】"New Fed Wire": Even if the Fed cuts interest rates this year, there will be no ultra-low interest rates anymore; on the fundamental level, the maintenance of primary lead and secondary lead smelters continues before the festival, leading to a tight supply of lead ingots. Coupled with the implementation of the "reverse invoicing" policy for waste batteries, the amount of scrap recycling has decreased in the short term...

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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