Aluminum wheel prices holding above LME
Jul 27, 2012 | 02:32 PM
| Daniel Fitzgerald
NEW YORK Secondary aluminum wheels refuse to budge from a free-market price point well above the cost of primary aluminum on the London Metal Exchange, with strong competition for the item keeping prices high.
Scrap traders continue to put aluminum wheels in a range of 86 to 88 cents per pound, even though the LME cash price ended Fridays official session at $1,860 per tonne (84.4 cents per pound). Aluminum wheel prices remained unchanged....
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