UK aluminium alloy prices driven down by weak demand, year-end stock reviews

Nov 17, 2011 | 04:31 AM |

Aluminium alloy prices fell in the UK on Wednesday, weighed down by weak spot demand, unfavourable exchange rates and the approaching year end.

LM24 pressure diecasting ingot prices dropped to £1,500-1,550 ($2,381-2,460) per tonne from £1,530-1,600 per tonne previously.

Consumers have reduced the amount they are taking on contract in the belief that prices have further to fall. ....

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