Core Insights - The World Bureau of Metal Statistics (WBMS) reported a global refined lead surplus of 22,000 tons in July 2025, with production at 1,127,500 tons and consumption at 1,105,400 tons [1] - For the period from January to July 2025, there was a global refined lead shortage of 156,900 tons, with production totaling 7,782,800 tons and consumption at 7,939,700 tons [1] - In July 2025, global lead mine production reached 399,100 tons, while the total for January to July 2025 was 2,656,400 tons [1]