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Article: Piling on: after lagging behind some other metals, aluminum has charged into a bull run of its own.(COMMODITY FOCUS)
- Article from:
- Recycling Today
- Article date:
- February 1, 2006
- Author:
CopyrightCOPYRIGHT 2006 G.I.E. Media, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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During much of the past three years, while steel, copper and other metals were accelerating to new highs in pricing seemingly every other month or so, aluminum led a comparatively stable existence at times. But the later part of 2005 and early on in 2006, aluminum traders have seen their commodity show continued strength, as the ripple effects from China's growing industrial economy finally reach other shores.
In January of 2006, producers of secondary aluminum in particular were charging more for many of the alloys they make from aluminum scrap, and the London Metal Exchange North American special aluminum alloy contract (NASAAC) reflected the trend with record ...