[SMM investigation] insufficient inventory of raw materials & epidemic situation affected many steel companies to stop production of furnace

[Lead-Zinc Ore Market Dynamics] A project advancement meeting for the Feihushan lead-zinc mine was held this week in Huzhong District, Heilongjiang, chaired by Guan Jingjun, Deputy Secretary of the District Party Committee and District Governor. The total investment for the Feihushan lead-zinc polymetallic mine development project is expected to be 396.7111 million yuan, with all required funds to be self-raised by the enterprise. Upon completion, the project will have an annual capacity of 300,000 mt of raw ore (including 200,000 mt of lead-zinc ore and 100,000 mt of iron ore). The mineral processing products will be lead concentrates, zinc concentrates, and iron ore concentrates, with a service life of 14 years (excluding a 4-year construction period).

[Waste Lead-Acid Battery Market Dynamics] It was reported that the website of the Yingkou Area of the China (Liaoning) Pilot Free Trade Zone recently published the "Public Notice of the Management Committee of the Yingkou Area of the China (Liaoning) Pilot Free Trade Zone on the Acceptance of the Environmental Impact Assessment Report for the Waste Lead-Acid Battery Collection (5,000 mt/year) Project of Fenghuan (Yingkou) Environmental Technology Co., Ltd." Upon completion, the project will have a waste lead-acid battery turnover capacity of 5,000 mt/a and a maximum storage capacity of 100 mt.

[Secondary Lead Market Update] It was reported that recently, the Hefei Branch of Bank of Jiujiang, in response to the characteristics of the secondary lead industry — "capital-intensive raw material procurement and urgent production turnover needs" — assembled a professional team and customized a comprehensive financial service plan, ultimately approving a credit line of 280 million yuan for Anhui Lukong Environmental Protection Co., Ltd.