Secondary Lead: Smelters incurring losses hold intentions to hold prices firm; downstream procurement enthusiasm is insufficient, leading to thin trading. [SMM Lead Daily Review]

Copper Prices Shot Up, Suppressing Downstream Procurement; Spot Premiums Turned from Premium to Discount [SMM Shandong Copper Cathode Spot Weekly Review]

Surging Copper Prices Dampen End-User Purchasing, Slow Spot Market in Shandong

Hecla Raises Greens Creek’s 2026 Silver Guidance and Evaluates Reprocessing Zinc-Lead-Bearing Tailings

Lead Prices Pull Back After Slight Catch-Up Gains, Consumption Performance Restricts Rebound Room for Lead Prices [SMM Lead Morning Meeting Summary]