Aluminum scrap prices rise with LME
Aug 24, 2012 | 12:16 PM
| Daniel Fitzgerald
Tags
aluminum scrap,
secondary alloy prices,
Nasaac,
LME,
Daniel Fitzgerald
NEW YORK — U.S. free-market aluminum scrap prices rose in the past week as the London Metal Exchange strengthened, with secondary alloy prices expected to follow if the LME holds onto its gains.
The LME’s North American special aluminum alloy contract (Nasaac) cash price ended Friday’s official session at $1,843.50 per tonne (83.6 cents per pound), up 1.9 percent from $1,809 per tonne (82.1 cents per pound) a week earlier.....
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