SMM Lead Weekly Report (20250418)

Canadian exploration company Eloro Resources (TSX: ELO) announced that the tin resources at its Iska Iska polymetallic (silver-zinc-tin-gold) deposit in Bolivia have more than doubled. According to the company’s report, the tin content of the deposit has increased by 107.7% compared to the 2023 Mineral Resource Estimate (MRE). With total contained tin resources now reaching 290,000 metal tonnes at a grade of 0.03% Sn, it ranks as the fourth-largest tin resource in South America. Geologically, the tin resources are primarily concentrated in two key mineralized domains. The majority is located within the Polymetallic Domain 2 (containing 145,000 tonnes at 0.02% Sn) and the Tin Domain (containing 62,000 tonnes at 0.20% Sn). The company has also upgraded portions of the silver, zinc, and lead

[SMM Lead Morning Brief: LME Lead Pulled Back After Hitting a 2-Month High, with Subsequent Focus on Macro Changes] SMM reported on May 8: Overnight, LME lead opened at $1,977/mt. Throughout the day, LME lead continued the previous day's trend of fluctuating upward, coupled with lead ingot destocking outside China...

[SMM Lead Morning Meeting Minutes: Geopolitical Tensions Resurface Outside China, Lead Prices to Give Back Some Gains] Tensions rise again in the Strait of Hormuz: Iran accused the U.S. of violating the ceasefire by launching airstrikes on Iranian coastal areas and oil tankers. Geopolitical events outside China resurfaced, the macro situation became tense, and non-ferrous metals largely pulled back. China's lead fundamentals underperformed...