Lead smelters in China's Henan province, home to one third of the country's lead output, plan to cut their production by over 30% during a month-long environment inspection in June, sources sold Metal Bulletin.
Jiyuan Wanyang smelter, whose product is listed on the London Metal Exchange under brand "WANYANG", expects its three smelters in Jiyuan city to receive a government order on Wednesday June 6 to suspend about one third of its lead production, a company source said. "We have warned our customers already. There's a risk that we can't meet our long-term contract...