Value of fragmented scrap tumbles by 76.4% in resale

Nov 14, 2008 | 04:44 AM | Paul Schaffer

A year's worth of shredded aluminum and circuit board fragments from South Carolina that was supposed to sell at $2.46 a pound went back to the auction block this past week. The new price came in 76.4 percent lower, at 58 cents a pound.

That result, superseding a September auction by the military, is a symptom of plummeting metal values.....

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