Secondary aluminium ingot prices in Europe rose during the week to Friday August 13 due to surging costs for alloying elements.
Despite quieter market conditions due to the seasonal summer lull, ingot prices rose in both Europe and the United Kingdom this week due to ascending prices for elements used in aluminium alloying such as silicon and copper.Fastmarkets assessed the price for aluminium scrap LM6/LM25 gravity diecasting ingot, delivered consumer UK at ?1,860-1,890 ($2,578-2,620) per tonne on August 11, up by ?10-30 per tonne from ?1,830-1,880 per tonne a week...