The price of scrap lead in the US is slowly creeping up. This is attributed to slightly higher demand, meaning the price of scrap is up by one cent per pound.
According to the American Metal Market the value of used lead-acid batteries is expected to continue to increase throughout February as smelters pay more for the scrap.
The closing price of lead on the London Metal Exchange at the end of January was $2386 per tonne, this is a continuation of the slowly rising price. Until now the scrap price has not risen but with demand growing the price is able to follow the primary trend.