Aluminum scrap metal prices hit new record as metal price rally reaches $1 billion

Metal prices hit their highest price-to-earnings ratio in over a decade on Friday as the US government reported its first record amount of aluminum scrap metal.The metal hit a record $1.18 billion in April and is now trading at $1,073.60 per metric ton, according to the US Commodity Futures Trading Commission.Analysts say that’s because the […]

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