European aluminum buyers pause as prices, premiums fall

Mar 26, 2013 | 03:40 PM | Jethro Wookey

Tags  aluminum, aluminum prices, aluminum consumers, London Metal Exchange, Metal Bulletin, Jethro Wookey

LONDON — European aluminum consumers have stopped buying on the spot market as they anticipate further decreases in the cost of metal following significant dips in both London Metal Exchange prices and AMM sister publication Metal Bulletin’s premiums in recent weeks.

Three-month aluminum closed trading March 22 at $1,938 per tonne after trading at about $2,165 per tonne in mid-February, while Metal Bulletin’s duty-paid aluminum premium stands at $280 to $290 per tonne, down from a record high of $290 to $305 per tonne earlier in the quarter.....

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