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UK secondary aluminium prices down as support from LME and Europe falls away

Thursday, Sep 29, 2011
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  UK secondary aluminium ingot fell on Wednesday as falling primary prices on the London Metal Exchange saw raw material prices dip, and the weak euro kept business into the continent uncompetitive.  LM24 pressure diecasting ingot fell to £1,580-1,670 ($2,465-2,605) per tonne from £1,610-1,680 previously, while LM6/LM25 gravity diecasting ingot slipped to £1,880-1,960 per tonne from£ 1,900-1,970 per tonne. “We’re seeing some slowing down in some areas, some rescheduling, and prices have come down,” a producer said.

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