According to the Daily Economic News Nov. 21 news yesterday (20), China's largest producer of lead one of the new lead-ling said that the impact of the global economic slowdown has affected the production of batteries, lead the domestic producers have stopped production. The new lead manager Ling said, "most of the lead smelter has been cut or the entire plant closed, the new Ling 100,000 tons production capacity has been idle for 60%," and he further added that "no one can predict when the market rebound" .
It is understood that the main battery electrodes made from lead. At present, the main lead-acid batteries are mainly car batteries, accounting for about 60% of the total. Since the financial crisis broke out, China's auto consumption also declined, the industry lead in the fight against serious.
Previously, 27 domestic and Hill lead-zinc smelting enterprises, announced cuts in the 5% to 10% limit of joint production, production, production will be in the range of 10%.
Industry analysts pointed out that the deterioration of the global economy affect the automotive, toys, the demand for phone, the battery will be dragged down by a drop in demand of. At present, the lead futures have dropped by 52% this year, to enter the market for the first time in six years of oversupply.
Bank analysts believe, lead and zinc production limit of the joint enterprise will have limited impact. The cost of lead and zinc industry as a whole are up significantly, the price has dropped. "The whole industry is facing excess supply of primary products of the test, next year the situation will be more severe."
Not only lead the industry in order to encourage buyers to sign long-term orders, yesterday, the world's largest copper producing companies Codelco Chile will be next year's copper exports to China transaction surcharge down 32% from 110 U.S. dollars per ton this year, down from 75 per tonne U.S. dollars.
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