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Third alu can price reduction in two weeks

The third reduction in aluminium can prices in two weeks has been announced by Novelis, which has deducted £100 from all grades. Baled or densified palletised and strapped cans have dropped to £550 per tonne from £650 p/t, and both loose and flattened cans and loose and whole cans fell to £500 p/t from £600p/t.This reduction follows two earlier drops of a £100 each time from average prices between £800 and £750 p/t the beginning of October. Novelis ...