Aluminum wheel prices fall on oversupply

Jun 17, 2013 | 03:10 PM | Nathan Laliberte

Tags  aluminum rims, aluminum wheels, LME, 356.1, aluminum, London Metal Exchange, aluminum scrap, Nathan Laliberte

NEW YORK — Scrap aluminum wheel prices have fallen since the start of June amid recent downturns on the London Metal Exchange, coupled with a summer slowdown, sources told AMM.

Free-market transaction tags for 356.1 wheels are at 85 to 88 cents per pound, down a penny from the May 28 price of 86 to 89 cents, traders said.....

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