China Shuts Most Lead-Acid Battery Producers to Curb Pollution
Investing News Network - May 30th, 2011
Bloomberg reported that new pollution legislation forced some Chinese battery producers to shut down.
Bloomberg reported that new pollution legislation forced some Chinese battery producers to shut down.
The market news is quoted as saying:
The closures may damp lead demand in the world’s largest exporter of the storage batteries used from mobile phones to electric bicycles and cool a 36 percent rally in the prices of the metal in the past year on the London Metal Exchange.