European aluminum buyers hold back on 2014 contracts

Oct 08, 2013 | 02:05 PM | Jethro Wookey

Tags  aluminum contracts, aluminum premiums, London Metal Exchange, Jethro Wookey

LONDON — European aluminum consumers are no closer to signing supply contracts with producers for 2014 volumes while questions remain over London Metal Exchange warehouse rules, and producers are accepting that premiums could be significantly below current levels when they eventually do.

Consumers’ need for secure supply next year could hand producers some negotiating power.

But some suppliers accept that premiums for 2014 will likely be significantly lower than current levels.....

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