Long-term aluminum alloy contracts risky: Stena

Nov 21, 2012 | 10:11 AM | Claire Hack

Tags  Aluminum, scrap, Salzburg, Stena Aluminium, Fredrik Petterson, Metal Bulletin, Claire Hack

SALZBURG, Austria — Long-term secondary aluminum contracts are on the wane as prices remain volatile in Europe, according to Fredrik Petterson, managing director of Sweden’s Stena Aluminium AB.
“We put our business at risk if we go into longer-term contracts. From time to time we see that the correlation (with the London Metal Exchange) is good, but then it goes away again,” he told delegates at the recent AMM sister publication Metal Bulletin’s 20th International Recycled....

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