Aluminum scrap prices follow LME higher

Aug 10, 2012 | 12:12 PM | Daniel Fitzgerald

Tags  aluminum scrap, aluminum alloys, aluminum ingot, lme, nasaac, daniel fitzgerald

NEW YORK — Free-market aluminum scrap prices largely recorded gains Thursday on the back of rising London Metal Exchange prices, although alloy producers say they continue to be undercut by the North American special aluminum alloy contract (Nasaac).

Used beverage cans (UBCs) moved up to a range of 70 to 72 cents per pound from 69 to 71 cents previously, while aluminum-copper radiators rose to $1.59 to $1.64 per pound from $1.57 to $1.62.....

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