US aluminium scrap prices rise despite auto slump

Prices of most aluminium scrap grades in the United States rose this past week, driven by high buying interest. Bullishness on mill-scrap material, aided by buoyant copper and silicon markets, translated to higher prices, according to sources.

Fastmarkets assessed the buying prices for mixed low copper clips, delivered Midwest secondary smelters; mixed high copper clips, delivered Midwest secondary smelters; and mixed high zinc clips, delivered Midwest secondary smelters at 73-76 cents per lb (up by 3 cents), 70-73 cents per lb (up by 3 cents) and 66-68 cents per lb (up by 1.5 cents at the midpoint) respectively on Thursday April 29. “[They’re] crazy markets out there… the Midwest premium at an all-time high. Copper is at a 10-year high! And then there is the secondary smelter business, chip shortage, rubber and plastic issues,” one consumer said. “Fortunately, the ingot price seems to have stabilized. [We] just do not want to see it fall. Our buying has slowed, but that was by design.” Fastmarkets assessed the buying prices for aluminium-copper radiators and aluminium scrap turnings clean...

Published

Jenny Stewart

April 30, 2021

22:01 GMT

New York