Battery prices continue to climb with an unclear ending. Here are a few facts offered by
US Battery to add some clarity to the situation of rising
battery prices.
- Worldwide battery sales are still out pacing lead production
- Lead reserves continue to decrease, contribution to higher costs
- Investors continue to aid in over inflating market
- Rumors of lead being stockpiled in an effort to artificially manipulate pricing continue to circulate
- Several new lead mines and the re-opening of others are scheduled but due to the timing, will not have any affect on the 2007 deficit
- Even with the new projects starting production, 2008 is only projected to have a small surplus, causing prices to continue increasing through fiscal 2008
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