Aluminum wheel prices accelerate

Jan 09, 2014 | 02:09 PM | Nathan Laliberte

Tags  aluminum wheels, London Metal Exchange, LME, Midwest premium, aluminum alloy, A356.1, aluminum scrap, Nathan Laliberte

NEW YORK — Scrap aluminum wheel prices rose significantly in the first week of January as buyers and sellers continued to react to a sudden jump in the spot U.S. Midwest aluminum premium.

AMM’s spot P1020 aluminum premium moved to a range of 15 to 16.5 cents per pound Jan. 8 (, Jan. 8).....

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