Lead market faces off on 2013 price structure

Oct 29, 2012 | 11:10 AM | Daniel Fitzgerald

Tags  lead, lead premiums, secondary lead, scrap batteries, LME

NEW YORK — Lead producers and consumers are in a standoff over the pricing structure of 2013 contracts, with producers pushing for a pricing model that incorporates production costs rather than London Metal Exchange prices.

Spot primary lead premiums were steady at 14 to 16 cents per pound Friday, although one broker reported transactions at premiums of up to 25 cents per pound for long-distance deliveries.....

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