The demand for lead batteries for electric forklifts increases

With the strong growth of end-application electric pallet truck products such as automobiles and electric bicycles, the lead-acid battery industry will increase demand and capacity expansion, which will continue to promote the rapid growth of refined lead consumption. In 2013, the country's cumulative production of lead-acid batteries was 205.23 million kVA, a year-on-year increase of 15.36%. The ownership of electric bicycles plays a greater role. It is estimated that by the end of 2015, the number of electric bicycles in China will exceed 200 million, and the replacement period of each battery is about 2.5 years. The demand for replacement batteries in the secondary market will continue to grow, contributing a huge force to the consumption of refined lead. Steady growth in the automotive sector. Car starter batteries are growing rapidly with the development of the automobile industry. In 2013, China's automobile production and sales were 22,116,800 and 21,984,100, representing a year-on-year increase of 14.76% and 13.87%, respectively. By the end of the year, the number of cars in China reached 137 million. The demand for automotive starter batteries continues to grow rapidly, bringing huge development opportunities to the lead industry. Lead-acid batteries still have strong competitiveness in fields such as power batteries, car start-up batteries, energy storage, and communication base stations. Lead-acid batteries have the advantages of mature technology, low cost, and high recyclability. They will not be eliminated in the short term, and the industry itself is also constantly carrying out technological innovations. Therefore, the rapid development of the lead-acid battery industry will further promote the year-on-year increase in the amount of scrap lead-acid batteries, which will provide raw material protection for the recycled lead industry. The electric pallet truck recycled lead industry has become an important part of China's lead industry. The recycled lead output in developed countries accounts for more than 60% of the total lead output, while China's only about 30%. Judging from the current development situation, by 2015, the proportion of China's recycled lead output to primary lead is expected to exceed the 40% development target set forth in the 'Recycled Non-Ferrous Metal electric lithium pallet truck Industry Development Promotion Plan'. In summary, the development prospects of China's secondary lead industry are still broad.
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