The US auto-industry is recovering and shipments of new and replacement automotive batteries are rising accordingly. Vehicle sales for August 2013 were 17% higher than a previous year, at 16.1 million.
Reports from auto-makers of strong car and truck sales in August indicate the market is recovering, which has lead to a rise in the price of lead.
Shipments of new and replacement batteries in the US rose to 10.5 million units over 12 months, up 2.2% on the previous year. Battery Council International (BCI) cites new car sales as the driving force behind increased sales. Total year-to-date sales show the continuing growth, with replacement battery sales up 7% on the previous year.
Increased demand is raising the premium on the price of lead in the US to up to US$0.15 above the London Metal Exchange rate, twice the figure of a year ago.