Aluminum premiums said unlikely to fall soon
Sep 13, 2012 | 12:03 PM
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 premiumsthe additional amount paid by a consumer to secure metal immediatelycomes at a time when aluminums cash price is drifting well below the industrys marginal cost of production, said analyst Nicholas Snowdon, who added that it was unlikely to change for a good while. ....
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