SMM

[SMM Analysis: The Game Between Cost Support and Bearish Consumption in the Lead Market] SMM, February 21: Due to the accelerated resumption of production at secondary lead smelters after the holiday, the demand for used lead-acid batteries has significantly increased, leading to a considerable expectation of price hikes. Meanwhile, smelters are facing greater cost pressure, as rising raw material costs and sluggish selling prices have squeezed profits, with some smelters already operating at a loss.