Chinese battery demand growth seen boding well for lead

Nov 09, 2012 | 01:02 PM |

Tags  lead, Chinese demand, e bicycles, lead-acid batteries, Beijing Antaike Information Development, Liu Yanlong, China Industrial Association of Power Sources, China International Lead and Zinc Conference

NANJING, China — Lead might have disappointed many toward the latter half of the year, but industrial experts and officials at the 2012 China International Lead and Zinc Conference remained bullish about its outlook.

"The lead-acid battery sector is booming, but the demand for lead is so bad (that) there is just no hope this year for lead prices to turn around," a lead trader said on the sidelines of the conference in Nanjing.

A major lead-acid battery maker and exporter that consumes about 8,000 to 10,000 tonnes of lead per month said that it was operating at full capacity from January to August this year, but noted that its export booking orders unexpectedly shrank about 40 percent in September. ....

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