Lead and the Automotive Battery Market
Lead Investing News spoke with Carol Knies from Exide Technologies, a leading battery producer, about the role of lead in automotive batteries and the outlook for demand.
Lead Investing News spoke with Carol Knies from Exide Technologies, a leading battery producer, about the role of lead in automotive batteries and the outlook for demand.
In May, an concerns of lead poisoning prompted the Chinese government to shutdown lead battery and recycling plants producers. The shutdowns have worried market observers regarding the demand for lead.
Lead MPB3, battery material, fell as investors sold off commodities, many of which were trading in the negative. Lead dropped more than 5% from 1,960 on Friday to $1,836 a tonne. Three-month zinc touched $1,695 a tonne, down nearly 5 percent. It traded at $1,707 from $1,770. Lead and zinc have lost around a quarter [...]
Mumbai, India reported yesterday that lead is expected to continue to fall due to decreased demand and increased supply. Lead did find some support after the world’s largest producer of lead, China, suffered their Sichuan earthquake in May. As well, July saw lead rise on a fear of decreased production from China and its resulting [...]
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