"The (European) Commission alleges in its statement of objections that these companies agreed or coordinated their behaviour only in order to maintain higher profit margins," the EU executive said in a statement.
"As a result, they may have lowered the prices paid to scrap dealers, many of which are small and medium-sized
companies," it said, without naming the cartel members.
Four of Europe's top lead recyclers, Ecobat [ECOBT.UL], JCI (>> Johnson Controls Inc), Recylex (>> RECYLEX) and Campine (>> CAMPINE) were investigated by the Commission, sources told Reuters after dawn raids by the EU competition authority in 2012.
(Reporting by Foo Yun Chee, editing by Julia Fioretti)