Batteries fall as lead scrap prices steady

Apr 04, 2012 | 12:26 PM | Daniel Fitzgerald

Tags  lead scrap prices, zinc scrap prices, LME, lead batteries, Daniel Fitzgerald

NEW YORK — Whole battery prices bucked the trend this week, falling a penny in an otherwise steady secondary lead products market.

Whole battery tags dropped to between 40 and 42 cents per pound from 41 to 43 cents per pound two weeks ago while free-market lead scrap tags were largely unchanged amid a stabilizing contract on the London Metal Exchange and continuing supply tightness.

Batteries had previously defied drops in the LME (AMM, March 23), but couldn’t resist a fall this week as lead dipped below the symbolic $2,000-per-tonne mark.....

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