Aluminum wheel tags back in line with LME

Sep 18, 2012 | 03:08 PM | Daniel Fitzgerald

Tags  aluminum wheel prices, aluminum wheels, 356.1 alloy, LME, LME aluminum, Daniel Fitzgerald

NEW YORK — Scrap aluminum wheel prices have moved back in line with those on the London Metal Exchange after trading at a premium for much of the year, with one trader claiming that the recent surge on the LME has boosted availability.

Free-market transaction prices for wheels are now in the range of 96 to 98 cents per pound, traders said, with one consumer noting that he won’t budge from his quoted price of 95 cents per pound.....

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