'Cost-plus’ lead deals inked as talks continue

Dec 03, 2012 | 02:19 PM | Daniel Fitzgerald

Tags  lead contracts, secondary lead, lead premiums, LME, Daniel Fitzgerald

NEW YORK — Lead market sources say that some 2013 contracts have been finalized using a "cost-plus" pricing model, although one trader is adamant that no major business has been done and says that producers and consumers are still "butting heads."

One broker told AMM that several contract discussions "are in their very final stages," with secondary lead producers having "held the line" on adopting a pricing model that incorporates their scrap acquisition and production costs rather than London Metal Exchange pricing (amm.com, Nov. 12).....

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