节点：中游（冶炼、中间品）位置：中游情绪：利空参考度：7/10
2025年10月，全球锌板产量119.28万吨，消费量121.96万吨，供应短缺2.67万吨；1-10月产量1156.20万吨，消费量1196.95万吨，供应短缺40.76万吨。同期全球锌矿10月产量108.91万吨，1-10月累计1105.49万吨。
2025年10月，全球精炼铅产量113.79万吨，消费量111.03万吨，供应过剩2.76万吨；1-10月产量1120.20万吨，消费量1134.40万吨，供应短缺14.2万吨。全球铅矿10月产量39.56万吨，1-10月累计380.67万吨。
2025年10月，全球原铝产量601.54万吨，消费量612.41万吨，供应短缺10.87万吨；1-10月产量6121.65万吨，消费量6217.20万吨，供应短缺95.55万吨。全球氧化铝10月产量1342.09万吨，1-10月累计12797.70万吨；再生铝10月产量2203.86万吨，1-10月..
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