European aluminium premiums rise in tight market

Apr 25, 2012 | 10:46 AM |

European aluminium premiums rose on Wednesday April 25 as traders and financial investors provide the bulk of demand in a tight market. “It looks like autos are losing momentum across the board, and on the foundry side the market is not asking for any more material,” a producer said. “The bid demand is coming from traders and investors.” Metal Bulletin’s European daily duty-unpaid aluminium premium rose to $146.67....

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