Secondary ingot prices edge up; more gains loom
Oct 10, 2007 | 11:56 AM
| Paul Schaffer
Secondary aluminum ingot spot prices are inching up, with the possibility of more gains to come.
For A380.1, the range is now pegged at $1.065 to $1.08 a pound vs. the previous range of $1.065 to $1.075.
The volume at $1.08 isn't yet robust, though some smelters are reputedly delighted to avoid non-contract sales as they try to hoard their supplies of cheap silicon, which still sits in inventory or is arriving on terms negotiated before silicon became a costly headache.....
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