A380.1 rises on tight scrap supply, LME gains

Dec 13, 2006 | 10:49 AM | Paul Schaffer

Secondary aluminum ingot prices have moved up 1 cent a pound, influenced by tight scrap supply and primary aluminum trading on the London Metal Exchange.

Some alloy buyers, currently pricing first-quarter sales of their castings, are placing an implicit bet that the upward move will be brief. Instead of buying ingot for the entire first quarter to match their sales commitments, they instead have placed....

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