Lead Down on Demand Worries
Lead MPB3 fell as much as 7.9% to $1,396 a tonne, down from $1,515 due to demand concerns for metal used in batteries.
North American shipments of replacement automotive lead-acid batteries fell 8.6 percent in August from July, a U.S. industry group said late on Wednesday. [ID:nN15343279]
While, J.D. Power and Associates, which tallies U.S. auto sales on a daily basis, sees October sales on track to hit the lowest level in 17 years.
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Thu, Oct 16, 2008
Post by Melissa Pistilli, Lead Senior Reporter