I believe that is the principle they use to separate aluminium cans out of the recycle garbage.
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They do in at least some - have been in a large recycling facility in Melbourne that has an eddy current separator for aluminium.
This is a nice vid off what they call 'a levitating BBQ' - http://youtu.be/txmKr69jGBk
Also gives a good description of what's going on for the non electrical peoples out there.
https://www.aulro.com/afvb/images/im...2014/05/62.jpg
https://www.aulro.com/afvb/images/im...2014/05/63.jpg
https://www.aulro.com/afvb/images/im...2014/05/64.jpg
https://www.aulro.com/afvb/images/im...2014/05/65.jpg
https://www.aulro.com/afvb/images/im...2014/05/66.jpg
https://www.aulro.com/afvb/images/im...2014/05/67.jpg https://www.aulro.com/afvb/images/im...2014/05/68.jpg
https://www.aulro.com/afvb/images/im...2014/05/69.jpg
https://www.aulro.com/afvb/images/im...2014/05/70.jpg
https://www.aulro.com/afvb/images/im...2014/05/71.jpg
https://www.aulro.com/afvb/images/im...2014/05/72.jpg