Aluminum scrap drops as LME sinks
May 15, 2012 | 12:40 PM
| Daniel Fitzgerald
NEW YORK Free-market aluminum scrap and alloy prices dropped almost across the board Monday as the London Metal Exchange alloy contract held below the symbolic $2,000-per-tonne mark.
Old sheet was one of the few unchanged items at 72 to 74 cents per pound, with old cast dropping to between 75 and 77 cents per pound from between 76 and 78 cents per pound Thursday, and used beverage cans dropping to between 72 and 74 cents per pound f.o.b. shipping point from between 74 and 76 cents per pound previously.....
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