Whole junk battery prices tumble on surplus
Aug 26, 2013 | 02:42 PM
| Nathan Laliberte
NEW YORK Prices for whole spent lead-acid batteries have tumbled 3 cents per pound over the past week to 10 days amid a surge in inventories, market participants told AMM Aug. 26.
Prices now stand at 34 to 37 cents per pound as a result of the recent buildup in supply, down from 37 to 40 cents per pound Aug. 20, most sources said, noting that the market had been relatively stable over the past three months amid steady inflows and outflows of material.
Sources attributed the supply buildup to combination of record temperatures across much of the Midwest and South in June and July; furnace rebuilds at several major smelters in the United States and Canada, which typically involve replacing bricks in rotary-style furnaces to avoid warping; and unexpected material generation from industries outside of the automotive sector, namely telecommunications.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.