Smelters’ aluminum scrap prices fall

Nov 15, 2013 | 04:54 PM | Nathan Laliberte

Tags  secondary aluminum prices, aluminum scrap, used beverage cans, UBCs, twitch, London Metal Exchange, LME, Nathan Laliberte

NEW YORK — After resisting downward pressure for the past two weeks, prices for smelter-grade aluminum scrap have begun to fall along with weakening terminal markets.

Several seller sources noted that dramatically lower exchange prices were causing things to "get pretty ugly" for secondary pricing, noting that that consumers’ end-of-year curtailment on purchasing was compounding the issue.....

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