Copying and distributing are prohibited without permission of the publisher

UK secondary aluminium prices dip on European influence

December 07, 2011 - 15:01 GMT Location: London

KEYWORDS: UK secondary aluminium , LM24 , LM6 , LM25 , aluminium scrap , scrap prices

UK secondary aluminium ingot prices fell slightly on December 7 as the market continues to struggle under the influence of events taking place in the eurozone.

LM24 pressure diecasting ingot dipped on the low end to £1,490-1,550 ($2,327-2,421) per tonne from £1,500-1,550 previously, while LM6/LM25 gravity diecasting ingot fell to £1,780-1,840 per tonne from £1,790-1,850 previously. "LM24 has just nudged under £1,500 for volume, but five- to ten-tonne lots are still well above £1,500," an ingot producer said. Market participants have fallen into a wait-and-see mentality ahead of the EU heads-of-state summit on December 9, after...

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

subscribe to this feed Comment & analysis

Upcoming Events

MB Glossary

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

Try the new Metal Bulletin BETA site...

We've added some great new features and tools which we think you'll find useful:

  • Easier to use navigation including links to new sections
  • Cleaner interface for the Price Book with easier to use data views
  • More dedicated pages for specific metals e.g chrome, antimony, nickel
  • Better search tools for news and prices with handy filters

Simply click 'Yes please' below to go straight to the BETA site
(Please note: you will need to log into the BETA site on your first visit. Plus you can return to the original site any time you wish)