Novelis raises price for recovered aluminium cans

Metal supplier Novelis has upped the price it pays for recovered aluminium cans by ?75, following a ?75 price cut in August. Following the price change, which is the fifth this year announced by the Warrington-based company, Novelis will pay ?600 per tonne for delivered baled cans and ?550 per tonne for loose cans. The decision to raise the price reflects the overall price hikes in aluminium and will hopefully sustain supply, the company said. Novelis, the UK's largest recycler of used beverage cans, made the ?75 cut in August, and also lowered its prices in February by ?50 per tonne.