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 (amm.com, Sept. 6).....
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