Aluminum alloys pricing spikes on LME surge
May 29, 2014 | 05:35 PM
| Sean Davidson
NEW YORK A second week of surging prices for the London Metal Exchanges North American special aluminum alloy contract (Nasaac) triggered a spike in free-market alloy tags this past week.
Nasaac cash prices jumped to $1.10 per pound May 29, up 7.8 percent from $1.02 a week ago (amm.com, May 22), carrying free-market secondary aluminum alloy prices along with them.
Market participants said that die casters secured free-market A380.1 alloya grade similar to Nasaac contract materialin a range of $1.09 to $1.12 per pound over the past few days, up from $1.06 to $1.07 a week ago.....
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