Reported about 14 hours ago
The global lead-acid battery industry is facing a significant challenge due to China's export restrictions on antimony, a crucial mineral for battery production and military applications. Since the restrictions were implemented late last year, antimony prices have skyrocketed, leading to increased procurement costs for manufacturers, which are now being passed onto consumers. The U.S. companies, heavily dependent on Chinese supply, are now struggling to source the mineral from alternative markets, with a potential risk that rising prices could compromise production and sustainability in the sector.
Source: YAHOO