Lead technology’s position in the automotive battery market got further enhanced last week according to specialists attending a car industry meeting in San Francisco.
Findings presented by the Advanced Lead Acid Battery Consortium (ALABC) – the leading research group supporting automotive battery technology – showed lead well-placed to remain the dominant technology for years to come.
Japanese firm Hitachi Chemicals has bought the majority share of lead-acid battery maker Fiamm.
The Italian company’s board of directors chose to sign an agreement allowing Hitachi to obtain 51% of the shares of FIAMM Energy Technology.
Chinese battery producers have begun raising battery prices due to the rocketing cost of lead, which has climbed above ¥21,000 ($3,051)/ tonne, according to Shanghai Metal Market data.
Lead values jumped ¥5,600 ($814)/ tonne in November— with prices hitting the highest since April 28, 2008.