Scrap lead battery prices inch up on LME rise

Scrap lead battery free-market prices have moved up a penny on the back of higher prices on the London Metal Exchange, although some buyers say they are waiting to see if the rise is a temporary symptom of post-fiscal cliff optimism.

Junk batteries moved up to a range of 37 to 39 cents per pound this week from 36 to 38 cents previously, while all other lead scrap grades were unchanged. One buyer said that his company had received quotes as high as 41 cents per pound but “didn’t get a solid quote.” A second buyer noted that quotes for delivery into the South were running into the 40-cent range.