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Amara Raja deals “mitigate” impact of new lead price rises

Tue, 11/21/2017 - 14:00 -- News Editor
Amara Raja deals “mitigate” impact of new lead price rises

The CEO of India’s Amara Raja Batteries said the firm is braced for further hikes in the price of lead into 2018— but that it has “mitigated” the impact through existing contracts.

S Vijayanad said while LME prices had seen “close to 25% growth” over the past year, the industrial and automotive battery maker expects to see lead prices “in the range of $2,400 to $2,500 per metric ton” by next spring.

 

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