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Shortage of lead sees 40 percent metal price rise in China in past month

Posted on 07 January 2009

From Mineweb.com: Reduced supply, coupled with high winter demand, has seen lead prices rise by some 40 percent in China in the past month.Chinese prices of spot lead, used in batteries, have risen 40 percent in the past month, buoyed by reduced supply and stronger winter demand for automobile batteries, industry officials and traders said on Tuesday.

The rise in China, which consumes a third of the world’s lead, exceeded a 16 percent rise the same month on the London Metal Exchange MPB3, where the metal price was $1,122 on Tuesday….. Full Article: Source


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