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US lead scrap prices on the rise

January 28, 2012 - 14:25 GMT Location: New York

KEYWORDS: lead scrap , market , prices , pricing , whole automotive batteries , London Metal Exchange , LME , primary lead

Stronger terminal markets have pushed up lead scrap prices by as much as six cents a pound from early December levels, according to scrap consumers and sellers.

Meanwhile, power cable lead scrap tags moved up to between 81 and 83 cents per pound from a prior range of 75 to 78 cents per pound.

The increase in secondary lead tags followed a strong rise in primary lead prices over the past few weeks.

Three-month lead closed the official session on the London Metal Exchange at $2,318 per tonne ($1.05 per pound) Friday, marking a return to highs last logged in September. The Friday close gained 0.8 percent from a day earlier and rose 11.2 percent from...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

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