Smelter-grade aluminium scrap prices in the United States rose week on week in the wake of an upswing in futures prices on the London Metal Exchange and reports of increased export activity.
This pushed Fastmarkets' assessment for aluminum scrap mixed low copper clips, buying price, delivered Midwest secondary smelters up by 2 cents per lb to a range of 74-77 cents per lb on Thursday September 7 from 72-75 cents per lb the previous week.While domestic demand continues to face headwinds driven by labor shortages and disruptions to automotive production stemming from a lingering silicon chip shortage, trade sources noted steady volumes and an uptick...