Rising demand, financing deals driving premiums: Alcoa

Nov 07, 2012 | 12:20 PM |

Tags  aluminum premiums, aluminum, premiums, Alcoa, Alcoa Materials Management, Tim Reyes, aluminum premiums, Alcoa Tim Reyes

NEW YORK — Rising demand and a large number of financing deals locking away aluminum are driving premiums for the metal up, a senior executive at Alcoa Inc. said Wednesday.

Aluminum premiums, which have skyrocketed over the past year, are unlikely to fall while interest rates remain so low, according to Alcoa Materials Management president Tim Reyes. ....

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