Secondary alloy tags rise 2 cents/lb. as inventory tightens
Dec 02, 2009 | 11:32 AM
| Paul Schaffer
Secondary aluminum alloy prices on the spot market, influenced by London Metal Exchange trading and low inventories of product at smelters, registered price gains of 2 cents per pound from pre-Thanksgiving levels.
"Most secondary smelters are running pretty close to the vest right now. Nobody has a whole lot of inventory," according to a manager at one alloy producer.....
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