Confusion grips lead battery market
May 23, 2012 | 04:12 PM
| 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. "Were 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. "Thats because of the LME falling like it has, and were starting to see a little bit of a turnaround in the supply."....
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