[SMM Lead Morning Meeting Minutes: Pre-Holiday Stockpiling Exceeds Expectations, Spot Lead Shows Strong Resilience in the Short Term] National Development and Reform Commission (NDRC): The total scale of the new-type policy-based financial instruments is 500 billion yuan, all of which will be used to supplement project capital. As the National Day and Mid-Autumn Festival holidays approach, downstream enterprises are conducting their final round of pre-holiday stockpiling of lead ingots. Meanwhile, maintenance at secondary lead enterprises in Anhui has not yet resumed, leading downstream enterprises to consume lead ingot inventories from surrounding warehouses...
Sep 30, 2025 09:00