Secondary alloy prices lose ground, more retreat ahead

Dec 04, 2008 | 10:17 AM | Paul Schaffer

Secondary aluminum spot market values continue to sag, with the predominant range down to 71 to 72 cents a pound Wednesday from 73 to 74 cents last week.

Further deterioration is inevitable, not the least because of lower aluminum values on the London Metal Exchange. Thursday saw two negative LME milestones at midday prices for A380.1 alloy in North America fell to less than 50 cents a pound, and primary aluminum was below 70 cents....

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