Irony aluminum fetches 71¢ per lb. in online auction of military scrap

Dec 27, 2006 | 03:01 PM | 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.....





Latest Pricing Trends

Poll

Is severe weather affecting your business?

Yes
No


View previous results