09.09.2008

Battery retailers get price rise warning

Battery retailers have been advised to expect further increases in battery prices due to significant rises in material costs. The Independent Battery Distributors Association in the UK says manufacturers have been adversely affected over the last few years as a result of the dramatic increases in the price of lead due to growing worldwide demand, particularly in Eastern Europe, China and India.

Warning of inevitable increases Godfrey Ferris, IBDA Secretary, explains: "Lead prices did fall earlier this year but are again on the rise and it is expected that this trend will persist. Whilst the current cost of $2,000per ton is still short of the $3,000 reached earlier this year, other factors have arisen that far outweigh this temporary respite.”

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