UK secondary aluminium prices down on producer competition, eurozone woes

Dec 14, 2011 | 09:56 AM |

UK secondary aluminium ingot prices were down again on Wednesday December 14, as producers looked to stay competitive in an increasingly challenging market.

LM24 pressure diecasting ingot fell to £1,460-1,500 ($2,274-2,336) per tonne from £1,490-1,550 previously.

LM6/LM25 gravity diecasting ingot moved down to £1,760-1,800 per tonne from £1,780-1,840.

“We’re under pressure because of where the euro is at the moment, and we’re not that competitive in Europe,” one producer told Metal Bulletin. ....

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