NEW YORK Free-market scrap lead battery prices have
strengthened, with further increases expected, sources
Junk auto batteries increased to a range of 40 to 42 cents per
pound Feb. 26 from 39 to 41 cents previously, with several
sources telling AMM that a large smelter was paying higher
prices for scrap batteries despite a recent drop in London
Metal Exchange lead pricing. Sources also indicated that supply
was still healthy, in part due to recent temperature drops in
the Midwest and Northeast.
The LMEs three-month lead price ended the official
session Feb. 26 at $2,290 per tonne ($1.038 per pound), down
4.1 percent from $2,388 per tonne (1.083 cents per pound) Feb.
All other lead scrap grades were flat Feb. 26.
The LME has fallen off, and yet battery prices are still
strong, one scrap battery buyer said. One of the
larger smelters has come into the marketplace and is
aggressively overpaying the market to fill their needs and keep
things running. That kind of activity creates a price
They are reaching a lot further then they normally
do, a second scrap battery buyer said. It really
started in the beginning of the year. Its kind of
annoying for us. They must have deep pockets to be able to
afford the prices they are paying.
Meanwhile, prices for zinc scrap were unchanged Feb. 26,
sources told AMM.
Right now the scrap market is largely sideways, a
seller of zinc scrap said. I think the base metals
markets are headed for a correction in the near term. Everybody
gets busy when the markets go down because the orders start
The LMEs three-month primary zinc price ended the
official session Feb. 26 at $2,079 per tonne (94.3 cents per
pound), down 5.1 percent from $2,191 per tonne Feb. 12.