Silverco Mobilizes Contractors for Cusi Restart in Mexico, Heading for Year-End Lead-Zinc-Silver Production

[Secondary Lead Market Update] A secondary lead supplier in Central China indicated that there is no price spread between secondary refined lead and primary lead supplies, and both are currently at parity with the SMM #1 lead average price ex-factory. Meanwhile, due to weak procurement demand from downstream enterprises, there were no transactions in the morning.

Russia has officially extended its temporary sulphur export ban until December 31, 2026, according to Government Decree No. 785 signed on June 25, 2026. The ban was originally set to expire on June 30. The restriction continues to cover liquid, granular and lump sulphur. The Russian government stated that the move aims to prioritise domestic fertiliser production and safeguard national food security. Exemptions apply to exports destined for Eurasian Economic Union (EAEU) member states (including Belarus, Kazakhstan, etc.), as well as Abkhazia and South Ossetia. Sulphur shipments for humanitarian aid and international transit are also permitted under special licenses. The impact of the ban and broader market conditions has weighed on domestic output: Russia's industrial gaseous sulphur production fell 19% year-on-year to 1.75 million tonnes in January-May 2026.