How much does a lead battery cost per lb?

China and India have begun trading in smart grid technology, which has led to an expansion in the utilization of lead-acid batteries in hybrid and electric vehicles. In 2007, the price of lead hit an all time high of more than $1.75 per lb. Prior to that rise, the price was fairly stable around $0.25 per lb.

Why are lead batteries so expensive?

Most of the world's lead is used in Lead-Acid batteries and the price of lead is closely related to the demand for these batteries. Lead is a heavy, soft, and malleable metal with the lowest melting point of any atomically stable metal. It is a heavy metal that is more dense than most common metals.

How much is lead worth per pound?

Below is the historical Lead price per metric ton. Yet despite all this, lead is still and continues to be a crucial metal in modern society. It’s abundant in many parts of the world, and extracting this metal from the ground is not at all difficult or costly. It is still worth about 83¢ per pound.

Should you invest in lead-battery?

In the US, if you’re investing in this metal you’ll want to check on the lead-battery industry, which accounts of 90% of the lead use in the country. With deposits of the metal found all over the world, there is very little risk that the supply will be disrupted.

What affects the price of lead?

Lithium-ion use is also on the rise, and this may spell a decrease in the demand for lead. Also, politics may also affect the price. China as a top producer of lead accounts for a large percentage of the supply of the metal, and any friction between the US and China can disrupt the supply of the metal.

How is a lithium ion compared to a lead-acid battery?

The costs of delivery and installation are calculated on a volume ratio of 6:1 for Lithium system compared to a lead-acid system. This assessment is based on the fact that the lithium-ion has an energy density of 3.5 times Lead-Acid and a discharge rate of 100% compared to 50% for AGM batteries.