[SMM Social Inventory of Lead Ingots: Impact of Reduced and Suspended Production of Secondary Lead Persists, Short-Term Social Inventory of Lead Ingots Continues to Decline] Recently, there has been a significant imbalance in the supply of scrap batteries. Last week, due to issues such as insufficient scrap supply and losses, the number of secondary lead enterprises that reduced or suspended production increased, leading to a phased reduction in the supply of lead ingots. Areas surrounding lead consumption hubs...

[SMM Lead Noon Review: Limited Quotations for Spot Orders of Refined Lead, Weak Purchase Willingness in Downstream Leads to Sluggish Transactions] SMM reported on April 28: Today, the SMM 1# lead average price fell by 100 yuan/mt from last Friday to 16,775 yuan/mt, with a price difference between primary metal and scrap of 25 yuan/mt. As downstream battery producers primarily purchase through long-term contracts, their willingness to purchase spot lead ingots is low. Additionally, due to loss pressures, secondary lead smelters have low willingness to sell, resulting in limited spot prices for secondary refined lead today.

On Friday evening, LME copper opened at $9,375.5/mt. It initially dipped to $9,350/mt, fluctuated considerably during the session, hitting a high of $9,401.5/mt, and closed at $9,360/mt after continued fluctuations, marking a 1% decline.