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Five weeks of volatility ahead for UK secondary aluminium

July 26, 2010 - 00:00 GMT

The secondary aluminium market will be volatile over the next five weeks on increased activity ahead of the northern summer shutdowns, price movements on the London Metal Exchange and some participants choosing to stay open in July and August, market sources said.

The secondary aluminium market will be volatile over the next five weeks on increased activity ahead of the northern summer shutdowns, price movements on the London Metal Exchange and some participants choosing to stay open in July and August, market sources said. LM24 pressure die-casting ingot held at £1,570-1,600 ($2,393-2,439) per tonne on July 21 and LM6/LM25 gravity die-casting ingot continued to trade at £1,800-1,850 per tonne. “There’s...

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