Whole junk battery prices tumble on surplus

Aug 26, 2013 | 02:42 PM | Nathan Laliberte

Tags  Lead-acid batteries, scrap lead, telecommunications, London Metal Exchange, LME, furnace rebuilds, scrap prices, battery prices 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.....

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