Several lead smelters in China, which have previously struggled to raise finance, have been restarting their idled furnaces to take advantage of opportunities to sell the heavy metal's by-products abroad, market sources said.
Over the past few months, Hunan-based lead smelters, including Hunan Yuteng Nonferrous Metals and Chenzhou City Jingui Silver Industry Co, have obtained silver tolling licenses, which will allow them to import high-silver raw materials, with tax waivers, sources told Fastmarkets.Awin will help Yuteng, which is now in the process of debt restructuring, to procure high-silver lead concentrates and silver concentrates and will then assist Hunan Yuteng with marketing the refined lead and silver...