Lead Prices May Remain Supported by Tight Supply, Despite Gradual Resumption of Smelters

[SMM Lead Morning Meeting Summary: Lead Prices May Still Be Supported at the Bottom Amid Tight Supply and Rising Demand]

Spot fundamentals: At 12:00 noon yesterday, Anhui province lifted the orange alert for smoggy weather. Some local smelters resumed commissioning as temperatures rose, while certain smelters indicated that it would take half a month to officially produce lead due to the need for a complete restart after a full shutdown. Smelters in Shandong province stated that they had not yet received the lifting notice and are currently maintaining furnace insulation during the shutdown...