The car battery market will face supply problems come summer when demand normally increases largely due to problems associated with shortages of raw material and supply chains, the head of the Iran Society of Battery and Storage board of directors and CEO of Azar Battery Company.
"The market will face supply snags when demand for batteries reaches peak in the hot season. Needless to say, there is a huge deficit of raw materials in the domestic market that has undermined battery production,” Kazem Mortaz was quoted as saying by the Persian automobile daily Donaye Khodro.
Regarding high battery demand and its impact on the market and consumers this year, Mortaz said: “Since last year, barely 200 tons of lead has been offered twice at the Iran Mercantile Exchange. Our raw materials are being exported and the battery industry is obviously getting a big hit. That said, manufacturers are simply not willing to supply enough batteries to the market in the coming weeks."
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