NEW YORK Secondary lead
producers and battery manufacturers havent seen any
increase in demand stemming from the damage caused by Hurricane
Sandy last month, they said.
Despite estimates ranging as
high as 250,000 cars destroyed by the storm, market
participants contacted by AMM said they had yet to see
what effect, if any, the storm would have on the industry.
"Its a little premature.
We havent seen much pickup there," one battery maker
said. "We get regular forecasts from automotive companies, and
were about where we expected to be for this time of
A second battery maker also
hadnt received any upgraded production forecasts from
Even if a large number of cars
were destroyed in the storm, many brands of sealed batteries
are designed to withstand engine flooding, one lead broker
said, noting that some companies might try to repair and resell
batteries extracted from cars entering the recycling
"I dont think it will make
any large difference," he said. "Even if 250,000 people have to
go out and buy a new car, which is unlikely, thats still
only a tiny boost to the market."
However, increased lead demand
could be felt in other sectors as a result of Sandy. "A lot of
utility and cellphone companies are saying that they need to
install better backup systems," the lead broker said. "A lot of
lead will go into those kinds of batteries."