Aluminum scrap, alloy prices up on LME surge
Jan 04, 2013 | 11:21 AM
| Daniel Fitzgerald
NEW YORK Free-market aluminum scrap and secondary alloy prices recorded gains on this weeks surge in London Metal Exchange prices, although some players believe prices will settle down shortly.
Twitch moved up to a range of 82 to 83 cents per pound from 81 to 83 cents, while secondary-grade painted siding moved up to 72 to 74 cents per pound from 71 to 73 cents.
Meanwhile, mill-grade aluminum scrap prices rose significantly, with 5052 segregated clippings moving up to a range of 97 to 99 cents per pound from 94 to 96 cents and mixed low-copper clippings moving up to 83 to 84 cents per pound from 80 to 82 cents. ....
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