Irony aluminum fetches 71 cents a lb. in military scrap e-auction
Dec 27, 2006 | 11:17 AM
| Paul Schaffer
A Tuesday auction of a year's worth of forthcoming aluminum recyclables, described as irony aluminum scrap from a military base near Texarkana, Texas, fetched a winning bid of $514,000, equivalent to about 71 cents a pound.
The price for the material virtually matches the 70 cents a pound at which a Florida base sold a year-ahead offering of "clean heavy aluminum" in October.
The unit values include the 10-percent premium that winning bidders must pay when using the electronic auction platform of Defense Department contractor Government Liquidation LLC, Scottsdale, Ariz.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here