Confusion grips lead battery market

May 23, 2012 | 04:12 PM | Daniel Fitzgerald

Tags  lead scrap prices, lead battery tags, whole auto batteries, London Metal Exchange, primary lead, Daniel Fitzgerald

NEW YORK — Scrap lead battery prices were in a state of flux Wednesday, with some traders saying an ongoing drop on the London Metal Exchange finally forced free-market tags down, although one trader maintained that tight supply has kept levels at around the cost of primary lead.

Whole auto battery prices now range from 40 to 42 cents per pound vs. 44 to 45 cents on Monday, several traders said.

One consumer said it plans to drop prices further by June. "We’re at 42 cents per pound right now, and we plan on taking it down to 40 (cents) by the end of the month," he said. "That’s because of the LME falling like it has, and we’re starting to see a little bit of a turnaround in the supply."....

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