Secondary lead smelters’ profit in China were hit by growing cost and falling secondary lead prices last week, reported Shanghai Metal Market.
The average cost of secondary lead was 12,710 yuan per tonne last year, down 25 yuan per tonne on the weekly basis.
However, smelting cost has increased 70-80 yuan per tonne.
Tight supply and fierce competition among secondary lead smelters allowed scrap battery prices to stay high, SMM reported.
CATL, the world’s largest battery manufacturer, has been added to a long list of enterprises, which the US Department of Defense is scrutinising to clarify whether they have any connections to the...
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