Aluminum wheel prices spin lower

Dec 10, 2013 | 02:09 PM | Nathan Laliberte

Tags  aluminum rims, scrap prices, London Metal Exchange, LME, junk rims, Nathan Laliberte

NEW YORK — Scrap aluminum wheel prices continued to weaken in December as rising supply and an annual "holiday slowdown" have quelled upward momentum.

Free-market transactions for 356.1 wheels are at 79 to 81 cents per pound vs. 79 to 82 cents Nov. 25, traders said.....

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