Monthly Lead Market Report Oct 2025

1 Market Highlights 2
2 Economy and Policy 2
3 Market Movements 2
3.1 Market Movements in China 2
3.1.Asian Metal Copyright3 Singapore's refined lead import volume declined 67.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 Copyright1 Market Movements in China 2 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
5 Producers Statistics 4
5.1 Primary lead ingot 4
5.1.Asian Metal Copyright994%min 3 3.Asian Metal Copyright1 China's primary lead producers' operating rate down by 0.42% YoY in Oct 2025 4
5.1.Asian Metal Copyright1 Lead ingot 99.Asian Metal Copyright2 China's primary lead producers' output down by 0.81% YoY in Oct 2025 4
5.1.Asian Metal Copyright72% MoM in Sep 2025 5 6.Asian Metal Copyright3 China's primary lead producers' stocks p by 6.7% MoM in Oct 2025 5
5.2 Secondary lead ingot 5
5.2.1 China's secondary lead producers' operating rate down by 6% YoY in Oct 2025 5
5.2.Asian Metal Copyright3 Singapore's refined lead import volume declined 67.Asian Metal Copyright2 China's secondary lead producers' output down by 11.79% YoY in Oct 2025 5
6 Customs Statistics 5
6.1 China's lead concentrate import volume grew 11.72% MoM in Sep 2025 5
6.2 United States' lead concentrate export volume rose 315.54% YoY in Jun 2025 6
6.3 Singapore's refined lead import volume declined 67.48% MoM in Jun 2025 6


.Asian Metal Copyright2 Lead concentrate 60%min 2 3Asian Metal Copyright