Aluminum scrap, alloy prices rise

Jan 17, 2014 | 10:53 AM | Nathan Laliberte

Tags  aluminum scrap, London Metal Exchange, LME, used beverage containers, UBC, twitch, nonferrous auto shred, Nathan Laliberte

NEW YORK — Prices for most grades of secondary aluminum smelters’ scrap continued to rise in the past week, buoyed by higher exchange prices and a spike in U.S. Midwest aluminum premiums.

"You are seeing higher prices on items because of the premium," one scrap trader told AMM, "although the consensus is that the premium will come down sometime soon."

AMM’s spot P1020 premium increased to 19 to 20 cents per pound Jan. 15 from 15 to 16.5 cents a week earlier and up about 66 percent from 11.5 to 12 cents in late December.....

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