United Nations sanctions on North Korea could cut 10% of China’s lead concentrates supply within a month should the country be banned from selling locally produced lead ores.
Still, Chinese smelting sources expect only a short-term impact on the supply and prices of the raw material given the prevalence of smuggling and the possibility that recycled lead will fill any gaps.
“It’s certain that supply will be affected. Yet it’s quite likely for trade to go on. Smuggling across the Yalu River [on the border between North Korea and China] is not difficult,” a Chinese smelting source told Metal Bulletin.
At a Security Council meeting on August 5, the UN unanimously passed a resolution to choke off the country’s access to funds...