And, speaking to letsrecycle.com this morning about the price increase, the executive director of aluminium recycling trade body Alupro, Rick Hindley, said: “Hopefully it will send the message to councils to maximise collection.”
“Maximising collection will obviously help the economics of their systems,” he claimed, explaining that the price for aluminium compared favourably with that currently available for other materials.
This is the second month running that Warrington- based Novelis has increased the price it pays for used beverage cans (UBCs) by £100 per tonne (see letsrecycle.com story), after six consecutive price cuts since prices peaked in August 2008.
Commenting on the reasons behind the price increase, Andy Doran, recycling manager for Novelis, told letsrecycle.com today that “our prices reflect expectation in the metals market as a whole and strong demand at Latchford”.
Mr Hindley claimed that the increase “demonstrates the benefits of a closed-loop system,” adding that “the demand's still there for new aluminium beverage cans.”
However, he stressed that “we're still in difficult economic times”, and while not speculating on long-term prospects for the price, he said: “I think we should just be grateful that it's going up.”
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