[SMM Lead Data on April 28]

Affected by the 10th typhoon this year, "Maysak," many areas in Guangxi were hit by continuous heavy rainfall. Places including Fangchenggang, Qinzhou, Guigang, and Nanning experienced rainstorms to heavy rainstorms, with locally extreme rainstorms, causing severe waterlogging in some urban areas, surging river levels, and risks at multiple reservoirs. Based on this, SMM conducted a survey of zinc smelters in Guangxi and learned that production has not been affected yet, but severe port waterlogging has hindered the transportation of raw materials and finished products. It is also learned that in July, some lead-zinc mines in Guangxi have already suspended production for maintenance due to the impact of the rainy season.

Recently, China's lead prices have continued to weaken. Secondary smelters have been broadly trapped in a dual predicament of production losses and a shortage of scrap battery raw materials. SMM's statistics on production cuts and resumption plans at secondary lead enterprises across the country in June–July clearly reflect the current pressure on the industry.