Scrap battery prices dip on low demand

Nov 21, 2012 | 12:50 PM | Daniel Fitzgerald

Tags  lead scrap prices, junk battery prices, lead battery scrap, zinc scrap prices, zinc, lead, London Metal Exchange, LME Daniel Fitzgerald

NEW YORK — Free-market scrap automotive battery prices have dropped further as leading buyers are believed to be flush with supply, with one trader forecasting that prices could reach the mid-30-cent-per-pound level soon.

Whole auto batteries dropped to 38 to 40 cents per pound from 40 to 41 cents previously. All other lead scrap prices were unchanged.

"There’s no real push in the market. Most of the smelters tell us they’re getting all they need," one broker said.....





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