Banks offer large aluminum volumes

Sep 30, 2013 | 11:44 AM | Alex Harrison

Tags  aluminum, banks, hedge funds, clips, London Metal Exchange, LME, Midwest aluminum premium, duty-unpaid aluminum European premium

LONDON — Banks and hedge funds are offering large volumes of duty-unpaid aluminum as they seek to reduce their positions, traders told AMM sister publication Metal Bulletin.

"We’re in touch with the banks, which we see offering huge tonnage—10,000-tonne clips—particularly in Asia and North America," one aluminum trader said.....

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