Rise in aluminum premiums preferred to price run-up

Nov 07, 2012 | 11:11 AM | Andrea Hotter

Tags  Alcoa, aluminum, premiums, prices, London Metal Exchange, LME, Chris Ayers, Andrea Hotter

 NEW YORK — An increase in aluminum premiums might be slightly more attractive than an equivalent rise in London Metal Exchange prices, but both would be very welcome developments, a senior Alcoa Inc. executive said.
Chris Ayers, head of global primary products at the Pittsburgh-based producer, said that a $100 rise in either premiums or LME prices would be a top-line movement to the firm. ....

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