Aluminum scrap price drops, alloys may follow

Oct 16, 2012 | 12:53 PM | Daniel Fitzgerald

Tags  aluminum scrap prices, aluminum alloy prices, aluminum ingot prices, aluminum, A3801.1, 319.1, mixed low-copper clippings, Nasaac used beverage cans

NEW YORK — Free-market aluminum scrap prices have moved down after a sustained drop in London Metal Exchange pricing, with A380.1 threatening to dip back below the $1-per-pound mark.

Old sheet fell to a range of 69 to 71 cents per pound from 70 to 72 cents previously, while secondary-grade mixed low-copper clips dropped to 73 to 75 cents per pound from 74 to 76 cents.....

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