In June, the increase in China's recycled lead production was restricted by factors such as raw material shortages, weak downstream consumption, environmental inspections, and equipment malfunctions.

[SMM Analysis: How Much Will Primary Lead Production Increase in July Amid Concentrated Production Resumptions by Smelters?] SMM June 30 Report: National primary lead production in June 2025 declined as expected, down 0.78% MoM, but up 16.23% YoY. Cumulative primary lead production from January to June 2025 increased by 9.69% YoY.

[SMM Analysis: Smelters Resume Production in Concentration, How Much Will Primary Lead Production Increase in July?] It is understood that in June, maintenance and resumption of production coexisted in primary lead smelters, and the overall decline in production was less than expected. The main reason for the smaller-than-expected decline in primary lead production this month was...