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Aluminum Back to Reality

The price of scrap aluminum has fallen nearly $0.35 lb. over the past year. CIF prices (to US smelters) have been hovering around $0.80 lb. - which is still historically high. When I started in scrap metal 25 years ago we were getting $0.37 lb. for 6063 and $0.17 lb. for UBC. 3 years ago 53' truck loads of out South Florida (to US smelters) was running $0.03 lb. Now it's upwards of $0.09 lb. Solution: lower your buying price.