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  Zinc/Lead Market Weekly Updates - 2025/12/19

  The SMM Imported Zinc Concentrate Index for this week is $50.13/dmt, with a 11.8% WoW decrease. Meanwhile, SMM Zn50 zinc concentrate domestic weekly average TC runs at around 1600rmb/dmt. The SMM Imported Lead Concentrate average spot TC for this week is still at $-135/dmt, unchanged WoW.

• [SMM Stainless Steel Daily Review] Indonesian Nickel Mine News Boosts SHFE Nickel to Rise, Driving SS Higher; Spot Price Increases Lag, Premiums and Discounts Narrow

• [SMM Analysis: How Will Lead-Acid Battery Export Trends Evolve in November-December Amid Price Spreads and Tariff Impacts?]

  [SMM Analysis: How Will Lead-Acid Battery Export Trends Evolve in November-December Amid Price Spreads and Tariff Impacts?] SMM, December 22: According to customs data, China's lead-acid battery exports totaled 15.776 million units in November 2025, down 5.05% MoM and down 21.25% YoY. Cumulative lead-acid battery exports from January to November 2025 reached 202 million units, down 10.36% YoY.

• General Administration of Customs: China's Copper Ore and Concentrate Imports Rose 3.05% MoM in November Breakdown of Sub-item Data

• General Administration of Customs: China's Copper Cathode Imports in November Fell 5.70% MoM Breakdown of Sub-item Data