LM24 aluminium ingot price held back by slow automotive demand

Secondary aluminium ingot prices in the UK largely increased in the week to Thursday September 9 because of high costs for raw materials such as aluminium scrap, silicon and copper.

The prices for lower-grade alloys such as LM24 were not rising as quickly, however, due to slower demand from the automotive industry.
Fastmarkets assessed the price for aluminium scrap LM24 pressure diecasting ingot, delivered consumer UK, at £1,760-1,800 ($2,423-2,479) per tonne on September 8, narrowing upward by £20 per tonne from the previous week.

“Demand seems to be reducing, which is [a persistent] knock-on [effect] of the semiconductor issue,” one UK-based consumer told...

Published

Imogen Dudman

September 10, 2021

09:58 GMT

London