EU secondary aluminum mart at standstill; tags sink

Oct 24, 2008 | 11:15 AM | Barbara O'Donovan

Secondary aluminum prices in Europe plummeted on Friday as the market came to a virtual standstill amid a lack of demand.

Pressure diecasting ingot (DIN226/A380)plunged to 1,430 to 1,500 euros ($1,820 to $1,910) per tonne, duty paid delivered works, compared with 1,480 to 1,600 euros per tonne previously.

"It's not good news. There are very few buyers in the market," an Italian producer said.....

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