Alcan move seen spurring more billet hikes

Sep 07, 2012 | 02:58 PM | Suzy Waite

Tags  Aluminum billet, London Metal Exchange, Rio Tinto Alcan, Suzy Waite

NEW YORK — Participants in the aluminum billet market are adamant that contract premiums will increase next year following Rio Tinto Alcan’s move to raise base prices at least 2 cents per pound.

Rio Tinto Alcan sent a letter to customers at the end of August that stated it will implement the increase on 6063 extrusion billet starting Oct. 1 (, Sept. 6).....

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