Reported about 2 months ago
Recent changes in delivery specifications for lead on the Shanghai Futures Exchange have left many sellers struggling to comply, prompting them to seek overseas supplies. The shift, aimed at stricter emission standards for battery manufacturers, has led to China becoming a net importer of lead, driving prices to a six-year high before easing. This situation has caused a surge in trading activity and left many short sellers caught in a challenging position.
Source: YAHOO