Monthly Lead Market Report Mar 2025

Contents

1 Market Highlights 2
2 Economy and Policy 2
2.1 Canada to extend mineral exploration tax credit for two more years 2
2.2 Indonesia issues new rule allowing mineral exports in force majeure cases 2
2.3 China's Jan-Feb production of ten nonferrous metals up 1.4% YoY 2
2.4 Kyrgyzstan bans scrap exports outside EAEU for another six months 2
2.5 Experts say Kazakhstan could play a vital role in the global supply of critical raw materials 2
2.6 China launches nationwide work safety inspections 2
2.7 Uzbekistan introduces export duties on metal scrap & copper 2
2.8 EU selects 47 strategic projects to secure critical minerals access 2
3 Market Movements 2
3.1 Market Movements in China 2
3.1.Asian Metal Copyright3 China's Jan-Feb production of ten nonferrous metals up 1.Asian Metal Copyright1 Lead ingot 99.994%min 2
3.1.2 Lead concentrate 60%min 2
3.1.3 Imported lead concentrate 50%min 3
3.1.Asian Metal Copyright3 Imported lead concentrate 50%min 3 3.Asian Metal Copyright4 Secondary lead ingot 99.994%min 3
3.1.5 Secondary lead ingot 98%min 3
3.1.6 Recycled battery 3
4 Company News 4
4.1 Silvercorp Metals has a strong lead and zinc performance in Q3 FY2025 4
4.2 Teck invests $40M to restart Bunker Hill in Idaho 4
4.3 Zijin Mining sets new record for annual copper production 4
4.4 Zhongkai Mining renews mining license for Longmala lead-zinc mine 4
4.5 Guizhou Lukong to resume secondary lead ingot production 4
5 Producers Statistics 4
5.1 Primary lead ingot 4
5.1.Asian Metal Copyright994%min 2 3.Asian Metal Copyright1 China's primary lead producers' operating rate records 72.68% in Mar 2025 4
5.1.Asian Metal Copyright1 Market Movements in China 2 3.Asian Metal Copyright2 China's primary lead producers' output up by 14.73% YoY in Mar 2025 4
5.1.Asian Metal Copyright1 China's primary lead producers' operating rate records 72.Asian Metal Copyright3 China's primary lead producers' stocks down by 62.5% MoM in Mar 2025 4
5.2 Secondary lead ingot 5
5.2.Asian Metal Copyright3 Imported lead concentrate 50%min 3 3.Asian Metal Copyright1 China's secondary lead producers' operating rate records 41.93% in Mar 2025 5
5.2.Asian Metal Copyright4 Secondary lead ingot 99.Asian Metal Copyright2 China's secondary lead producers' output up by 12.12% YoY in Mar 2025 5
6 Customs Statistics 5
6.1 China's lead concentrate import volume rose 38.80% YoY in Feb 2025 5
6.2 United States' lead concentrate import volume grew 65.18% YoY in Dec 2024 6
6.3 China's refined lead export volume fell 81.25% YoY in Jan 2025 6
6.4 China's start-type lead acid battery export volume decreased 52.54% MoM in Feb 2025 7
6.5 China's deep cycle lead acid battery import volume rose 66.79% YoY in Feb 2025 7

.Asian Metal Copyright1 Canada to extend mineral exploration tax credit for two more years 2 2Asian Metal Copyright