European aluminum talks seen running into 4th qtr.

Sep 04, 2013 | 01:12 PM | Jethro Wookey

Tags  aluminum consumers, aluminum premiums, aluminum conference, aluminum contract negotiations, LME, Jethro Wookey

LONDON — European aluminum consumers expect 2014 supply negotiations to extend into the fourth quarter, well beyond AMM sister publication Metal Bulletin’s International Aluminum Conference in Geneva, Switzerland, later this month, due to uncertainty over premium levels.

"Normally we book all volumes that are strategically important at the conference, but we might take a different approach this time," one consumer said.

This year, falling premiums will stay consumers’ hands. The London Metal Exchange’s proposed changes to warehouse load-out rates have caused those warehouses offering incentives for metal deliveries to slash their offers, and premiums have started to follow.....

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