Weekly Brief Review of Lead Concentrates Market (December 30, 2024 - January 3, 2025) [SMM Weekly Review]

As the year-end approaches, the festive atmosphere of overseas holidays is strong, and transactions in the lead concentrates market remain sluggish. Entering January 2025, the total inventory of lead concentrates at main ports shifted from an increase to a decrease. For imported ore supply, Pb60 self pick-up port quotations have yet to show positive TCs. Domestic lead and zinc mines have successively scheduled production halts and holiday breaks around the Chinese New Year. The customary winter stockpiling by lead smelters is gradually nearing its end. This week, some lead and zinc mines in cold regions have entered routine production halts for mining operations. By mid-to-late January, long-distance transportation in the ore trading market will no longer be quoted, and market activity is gradually slowing down.

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