Core Viewpoint - The report from the National Bureau of Statistics indicates that China's lead production in June 2025 reached 629,000 tons, reflecting a year-on-year increase of 0.5% [1] Production Trends - In late July, the lead price experienced a downward shift, leading to reduced production enthusiasm among electrolytic lead smelting enterprises. Some companies opted to cut production or delay the recovery of operations due to raw material shortages [1] - Unexpected maintenance in electrolytic lead smelting enterprises in Central China further contributed to a decline in lead production in July [1] Future Outlook - As of August, SMM reports that electrolytic lead smelting enterprises will gradually resume production after completing maintenance, with large enterprises in Central, Southwest, East, and North China expected to come back online [1] - A major lead recycling plant in Northwest China plans to halt production due to multiple factors including market downturn, raw material shortages, and water usage restrictions, marking a significant reduction in output for August [1]