Aluminum scrap, alloy prices continue to rise

Sep 14, 2012 | 01:28 PM | Daniel Fitzgerald

Tags  aluminum scrap prices, aluminum alloy prices, aluminum, A380.1, 319.1, old sheet, 5052 segregated low-copper alloy clips, LME Nasaac

NEW YORK — Free-market aluminum scrap and alloy prices continued to rise Thursday on the back of a surge in London Metal Exchange prices, with market participants reporting increased but still-tentative trading levels as many waited for the LME to level out.

A380.1 rose to a range of $1.01 to $1.03 per pound from $1 to $1.01 previously, while 319.1 widened to a range of $1.06 to $1.08 per pound from the prior range of $1.06 to $1.07 per pound.....

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