Copying and distributing are prohibited without permission of the publisher

(AMM) Fears emerge as aluminum scrap prices rise

July 28, 2010 - 19:47 GMT Location: New York

KEYWORDS: aluminum scrap , prices , smelters

Aluminum scrap prices to smelters have risen 1 to 2 cents per pound during the past week, but some consumers expressed concern about possibly excessive scrap holdings.

Mixed low copper clips are in a spot market range of 71 to 72 cents per pound, up 2 cents, while old sheet and cast is at 64 to 65 cents per pound, up 1 cent.

"We've seen these (futures) markets gyrate so much, we're trying to stay as square as possible," aligning scrap buys with additions to the order book, one alloying executive said.

"For the time...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.


subscribe to this feed Comment & analysis

  • LORD COPPER: Glencore-Xstrata will be a merger of more-than-equals

    Glenstrata, X-Core, Davenberg, Mivan? Whatever the result of the Glencore-Xstrata merger is to be called, finding a name is an inevitable step after the IPO.

  • COMMENT: Glenstrata still has to break the mould

    The news that Glencore and Xstrata are in merger talks would only come as a surprise to someone living under a rock, and only then if said rock did not contain any valuable minerals. But now that talks of a tie-up of the world’s largest metals trader and its fourth largest miner have finally moved into the boardroom, hypothetical questions have become real, and the answers are far from certain.

  • APEX FULL YEAR 2011: Base metal forecasts: astounding accuracy

    Astounding upon astounding: that is how the 2011 leaderboard for Apex, the Metal Bulletin service that tracks the performance of over twenty top base metal price forecasters, appears when you consider it coldly.

Upcoming Events

Most readMost emailed

Popular Searches on MB

MB Glossary


From Aluminium to Zinc...
Search this free glossary on metals