Lead Industry Annual Report 2025

Contents
1. Lead ingot industry overview 8
1.1 Definition 8
1.2 Type 8
1.2.1 By industry chain 8
1.2.2 By chemical composition 8
1.3 Reserves and Output 8
1.4 Number of Producers 8
1.4.1 Number of primary lead ingot producers 8
1.4.2 Number of secondary lead ingot producers 8
1.4.3 Output of lead concentrate 8
1.5 Application 8
2 Economy and Policy 8
2.1Economy and Policy in China 8
2.2 Global market 13
3 Market Movements 16
3.1 Market Movement in China 16
3.1.Asian Metal Copyright1 China's primary lead producers' capacity in 2025 29 5.Asian Metal Copyright1 Lead ingot 99.994%min 16
Quarter One 16
Quarter Two 16
Quarter Three 16
Quarter Four 17
3.1.2 Lead concentrate 50%min 17
Quarter One 17
Quarter Two 17
Quarter Three 17
Quarter Four 18
3.1.3 TCs for import lead concentrate 50%min 18
Quarter One 18
Quarter Two 18
Quarter Three 18
Quarter Four 18
3.1.Asian Metal Copyright3 Reserves and Output 8 1.Asian Metal Copyright4 EXW price of secondary lead 99.994%min 19
Quarter One 19
Quarter Two 19
Quarter Three 20
Quarter Four 20
3.1.5 EXW price of secondary lead ingot 98%min 20
Quarter One 21
Quarter Two 21
Quarter Three 21
Quarter Four 22
3.1.6 Recycled battery 22
Quarter One 22
Quarter Two 23
Quarter Three 23
Quarter Four 23
4 Company News 24
5 Producers Statistics 29
5.1 China's primary lead producer statistics in 2025 29
5.1.1 China's primary lead producers' capacity in 2025 29
5.1.2 China's primary lead producers' operating rate in 2025 29
5.1.3 China's primary lead producers' output in 2025 30
5.1.4 China's primary lead producers' stocks in 2025 30
5.2 China's secondary lead producer's statistics in 2025 30
5.2.1 China's secondary lead producers' capacity in 2025 30
5.2.2 China's secondary lead producers' operating rate in 2025 31
5.2.3 China's secondary lead producers' output in 2025 31
5.2.4 China's secondary lead producers' stocks in 2025 32
6 Customs Statistics 32
6.1 China's deep cycle lead acid battery import volume grew 70.96% YoY in Dec 2025 32
6.2 China's deep cycle lead acid battery export volume decreased 40.42% YoY in Dec 2025 33
6.3 China's start-type lead acid battery export volume declined 17.48% YoY in Dec 2025 34
6.4 China's refined lead import volume grew 109.53% YoY in Dec 2025 35
6.5 China's lead concentrate import volume rose 35.80% MoM in Dec 2025 36
7 Supply demand outlook 37
7.1 Lead concentrate 50%min 37
7.2 Lead ingot 99.994%min 37
7.3 Secondary lead ingot 99.994%min 37
7.4 Used battery 37


.Asian Metal Copyright2 By chemical composition 8 1Asian Metal Copyright