Chinese Lead acid battery output rises on electric bike production: Barclays

Metal Recycling News  |  2012-08-17 06:41:20   |   By Paul Ploumis

Data out of China shows lead acid battery production rose by 45% year-over-year in July alone and have risen 25% year-to-date, said Barclays Capital in a commodity research note. This should be supportive for the lead market.

LONDON (Scrap Monster): Data out of China shows lead acid battery production rose by 45% year-over-year in July alone and have risen 25% year-to-date, said Barclays Capital in a commodity research note. This should be supportive for the lead market.

“Given battery production represents close to 70% of total lead demand in China, it is certainly an encouraging trend,” the bank continued.

They note electric-bike production rose 45% year-over-year in July and 22% for 2012.

Given the strong demand data trends, Barclays noted that there “a solid case” to make that this will continue.

Supplies have tightened because of the strength of demand, and it’s likely solid demand will continue into year end.

• China dominates low-carbon industrial projects, US lags, report says
• Resolute Mining cuts Q2 gold production guidance on Mali conflict
• BIR Convention Highlights Robust Recycling Growth Amid Global Threats
• Chile's Codelco copper giant names Jorge Gomez as new CEO