Aluminum wheels still top LME cash price

Jul 11, 2012 | 11:39 AM | Daniel Fitzgerald

Tags  aluminum wheels, aluminum wheels prices, 356 alloy, 356 alloy prices, LME, Daniel Fitzgerald

NEW YORK — Aluminum wheels continue to sell at a premium to primary aluminum on the London Metal Exchange even amid an easing in the volumes traded moving into summer.

Scrap traders pegged the spot price of wheels at 86 to 88 cents per pound Tuesday, while the LME’s aluminum cash price closed the official session at $1,890 per tonne (85.7 cents per pound) and eased further Wednesday to $1,872.50 per tonne (84.9 cents per....

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