High-Silver Ore Dominance, Supply Pattern Reshaping: Review of Lead Concentrate Imports in H1 2026 and H2 Outlook [SMM Analysis]
[High-Silver Ore Dominance, Supply Pattern Reshaping: Review of Lead Concentrate Imports in H1 2026 and Outlook for H2] According to customs data, cumulative lead concentrate imports from January to June reached 703,900 mt (in physical content), up 8.79% YoY. In H1 2026, China's lead concentrate imports maintained positive YoY growth overall, but the monthly trend was high and then low, with key drivers including premium purchases of high-silver associated lead ore and insufficient growth in domestic lead concentrate output...