Growing Secondary Lead Producers to Idle in China on Thinner Profit

Published: Oct 30, 2015 15:06

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More secondary lead smelters in China are expected to shut down because of falling profit, SMM notes.

SHANGHAI, Oct. 30 (SMM) – More secondary lead smelters in China are expected to shut down because of falling profit, SMM notes.

Secondary lead prices (tax excluded) post a drop of 100 yuan per tonne in some regions. However, scrap battery prices only fell 25 yuan per tonne. Moreover, by-product prices stay low, squeezing producers’ profit.

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