According to SMM data, overseas lead concentrate production reached approximately 588,000 tonnes of lead in concentrate in Q1 2025, down 1.8% year-on-year and 6.1% quarter-on-quarter. Australia recorded the largest decline, producing 91,000 tonnes of lead in concentrate in the quarter—down 12,000 tonnes YoY and 22,000 tonnes QoQ—due to January wildfires and floods in February and March. North America also posted a drop of 7,000 tonnes YoY and 12,000 tonnes QoQ, mainly driven by Mexico, where lower ore grades and reduced milling volumes weighed on output. Overall, weather-related disruptions were the main factor behind weaker-than-expected production. A mild recovery is anticipated in Q2.

【SMM Flash News】According to the Q1 2025 report disclosed by Jin hui Co., Ltd., the company produced 13,900 mt in metal content of zinc concentrates, down 0.46% YoY, and 4,700 mt in metal content of lead concentrates (including silver), down 5.76% YoY during the reporting period.

[SMM Flash] According to the Q1 2025 report disclosed by Hui Gold Co., Ltd., the company produced 13,900 mt in metal content of zinc concentrates, down 0.46% YoY, and 4,700 mt in metal content of lead concentrates (including silver), down 5.76% YoY during the reporting period.

【SMM Flash News】According to the 2024 annual report of Jin Hui Co., Ltd., the company produced 61,500 mt in metal content of zinc concentrates and 20,700 mt in metal content of lead concentrates (including silver) during the reporting period, down 3.66% and 3.15% YoY, respectively. In 2025, the company is expected to produce over 100,000 mt in metal content of lead and zinc concentrates.

【SMM Express】According to the 2024 annual report of Jin Hui Co., Ltd., the company produced 61,500 mt in metal content of zinc concentrates and 20,700 mt in metal content of lead concentrates (including silver) during the reporting period, representing YoY decreases of 3.66% and 3.15%, respectively. In 2025, the company is expected to produce over 100,000 mt in metal content of lead and zinc concentrates.

India's Refined Copper Production Up 7.1%, Iron Ore Production Up 4.4% YoY in FY 2024-25. On March 30 (Sunday), preliminary data released by the Indian Ministry of Mines showed that India's aluminum production increased slightly by 0.9% to 3.836 million mt during April-February of FY 2024-25. Meanwhile, refined copper production in FY 2024-25 rose 7.1% to 497,000 mt. India is one of the top 10 refined copper producers globally, ranks fourth in iron ore production, and is the second-largest aluminum producer worldwide. (Webstock Inc.)

[SMM Analysis: Domestic Lead and Zinc Mines Gradually Resume Production - What Is the Pace of Lead Concentrates Resumption?] According to SMM, the routine winter shutdown and maintenance of domestic lead and zinc concentrates began as early as December, with concentrated maintenance mainly occurring around the Chinese New Year holiday. After the Lantern Festival, what is the pace of lead concentrates production resumption? SMM provides an analysis for you.

[Teck Releases 2024 Actual Production] On January 21, Teck Resources announced its full-year actual production for 2024. The Red Dog mine produced 128,400 mt of zinc concentrates in Q4 2024, with an annual total of 555,600 mt (metal content), up 3% YoY. Lead concentrate production in Q4 was 25,300 mt, with an annual total of 109,100 mt, up 17% YoY. The Trail smelter produced 621,000 mt of refined zinc in Q4 2024, down 11% YoY, and 256,000 mt for the full year, down 4% YoY, primarily reflecting the reduction caused by a fire in the electrolytic cell house on September 24.

According to new SMM sample, the average operating rate of lead concentrate producers stood at 45.7% in March, up 3.4 percentage points from the previous month but down 3.4 percentage points YoY.

SHANGHAI, Mar 16 (SMM) – The average operating rate of lead concentrate mines in the new SMM sample stood at 42.3% in February, up 8.6 percentage points MoM and 6 percentage points YoY.