Core Viewpoint - The National Bureau of Statistics reports that China's lead production in August 2025 reached 667,000 tons, reflecting a year-on-year increase of 3.7% despite some production cuts due to maintenance and raw material shortages [1] Group 1: Electrolytic Lead Production - In August, domestic electrolytic lead production increased as medium and large electrolytic lead smelting enterprises in Central, North, and East China resumed operations after maintenance [1] - Although some smelting companies faced production cuts due to maintenance and insufficient ore supply, the overall electrolytic lead output saw a rise [1] Group 2: Recycled Lead Production - Recycled lead production also increased due to the resumption of operations at several smelting plants and the release of new capacity, despite some companies facing raw material shortages and significant losses leading to production halts [1] - The report indicates that while some large smelting plants in East and North China plan to reduce or halt production, the overall recycled lead output remains positively impacted by new capacity coming online [1] Group 3: Outlook for September - Looking ahead to September, SMM notes an increase in maintenance among electrolytic lead smelting enterprises, which may offset some production declines due to resumed operations in Northeast and North China [1] - The supply of waste batteries in North China is expected to be tight during the September 3 military parade, which may lead to limited raw material availability for smelting plants until mid-September [1]