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Current LME prices (London Metal Exchange) as of January 2011 ar around 4.3-4.4 USD per pound. That works out to be around 27 US cents per oz. Current UK scrap prices are around £4000-5000 per tonne. With an exchange of 1.6 USD to the UK pound, that works out to be around 6400 - 8000 USD per tonne scrap price. Around 18 - 23 US cents per oz.

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