Chinese Lead Smelter to Begin Maintenance, Affecting 2,000 mt of Monthly Output

According to SMM, the Q3 transaction price for lead concentrates from a mine in South China was the arithmetic average of the monthly average weekly SMM Pb50 domestic processing fee prices in the delivery month minus 1,015 yuan per mt in metal content, with a lead content of 55%, silver content of 300-400 g and a silver coefficient of 95.99% (copper content below 1 g and zinc content around 7 g are not priced), and a trading volume of 2,800 mt.

[Vietnam Lead Market Dynamics] In recent years, lead demand in the Southeast Asian market grew gradually. In particular, the concentrated release of new capacity by lead-acid battery enterprises in Vietnam further boosted demand for primary lead (Pb ≥99.99%), leading to a rapid rise in the premium for high-grade lead ingot and a notable divergence from the premium for low-grade lead ingot. According to SMM's latest quotes, CIF premiums for Vietnam lead ingots were $170-200/mt (99.99-99.995% purity) and $95-120/mt (99.97% purity).