Aluminum premiums said unlikely to fall soon

Sep 13, 2012 | 12:03 PM |

Tags  aluminum market, aluminum premiums, aluminum, premiums, financing deals, Nicholas Snowdon, Barclays, Andrea Hotter

MOSCOW — The fundamental structure of the aluminum market supports financing deals and high premiums, and is unlikely to change anytime soon, a senior analyst at Barclays Capital Inc. said Thursday.

The surge in merchant premiums—the additional amount paid by a consumer to secure metal immediately—comes at a time when aluminum’s cash price is drifting well below the industry’s marginal cost of production, said analyst Nicholas Snowdon, who added that it was unlikely to change for a good while. ....

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