NEW YORK Prices
for whole junk batteries held steady at 38 to 41 cents per
pound July 23, but several sources told AMM that
rumors of pending changes to Mexicos export laws could
cause domestic price volatility in the coming weeks.
"I think something
major is happening with lead in Mexico," one lead consumer
source said. "I have heard that companies in Mexico have to get
some type of new permit to bring material into the U.S. It
could cause serious issues for people who rely heavily on
"I heard a rumor that
there were some issues getting batteries over the border," a
second consumer source said, adding that he couldnt
confirm the reasons behind the problem.
The market wariness
came on the heels of a rule modification posted in
Mexicos Gazette requiring shippers of copper products and
copper-bearing scrap in Mexico to be listed in a new official
amm.com, July 15). The rule stipulates that
exporters who ship gold, silver and copper-bearing scrap will
be required to apply for listing in the registry. AMM
has been unable to confirm whether exporters of lead scrap may
soon face similar registration requirements.
prices held steady at 78 to 80 cents per pound for lead scrap,
82 to 84 cents for remelt lead and 82 to 83 cents for cable
lead. All other secondary grades were unchanged.
Prices for zinc scrap
also were unchanged.
The London Metal
Exchanges three-month lead contract ended the official
session July 23 at $2,047.50 per tonne (92.9 cents per pound),
unchanged from two weeks earlier.