Too Many Battery-Powered Bikes in China Take Charge Out of Lead
Current trends in China are affecting global lead markets.
The recent slump in ebike and scooter sales in China is not helping. And many are replacing the lead scooter battery with a lithium type.
China uses half of the world’s lead — mostly in batteries for everything from vehicles to equipment backing up the power grid. With a sluggish economy, the recent price gains simply aren’t sustainable, according to Macquarie Group Ltd. and Societe Generale SA. Lead production will probably exceed demand for a fifth year, leaving ample supplies, Macquarie estimates.