SMM Analysis: Significant Phase Reduction in Lead Consumption, Social Inventory Surpasses 70,000 mt Again SMM, March 31: According to SMM, as of March 31, the total social inventory of lead ingots in five regions reached 72,500 mt, an increase of over 600 mt compared to March 24, and a rise of 3,300 mt compared to March 27.

SMM Lead Ingot Social Inventory: Significant Phase Reduction in Lead Consumption, Social Inventory Surpasses 70,000 mt Again Recently, both supply and demand in the lead market have declined. Due to factors such as routine maintenance and difficulties in scrap recycling, production at primary lead and secondary lead smelters has decreased. Additionally, as the traditional off-season for the lead-acid battery market approaches, downstream enterprises are exercising caution in their production...

SMM Lead Midday Review: Refined Lead Suppliers Follow Market Trends, Ex-Factory Quotations Show Regional Differences. SMM, March 31: Today, the SMM 1# lead average price dropped by 100 yuan/mt WoW to 17,150 yuan/mt. Secondary refined lead suppliers followed market trends. Refineries in Jiangsu reported moderate refined lead transactions recently, with today's ex-factory quotations at parity or a slight premium against the SMM 1# lead average price.

India's Refined Copper Production Up 7.1%, Iron Ore Production Up 4.4% YoY in FY 2024-25. On March 30 (Sunday), preliminary data released by the Indian Ministry of Mines showed that India's aluminum production increased slightly by 0.9% to 3.836 million mt during April-February of FY 2024-25. Meanwhile, refined copper production in FY 2024-25 rose 7.1% to 497,000 mt. India is one of the top 10 refined copper producers globally, ranks fourth in iron ore production, and is the second-largest aluminum producer worldwide. (Webstock Inc.)