Midwest P1020 aluminum premiums rise
Dec 04, 2013 | 04:18 PM
| Michael Cowden
CHICAGO Midwest aluminum premiums have increased as spot availability has tightened at the same time that wide spreads on the London Metal Exchange continue to support financing deals.
AMMs spot P1020 aluminum premium increased to a range of 10.75 to 11 cents per pound Dec. 4 from 10 to 10.25 cents previously.
While some sources predicted that premiums could head even higher, others cautioned that the upward move could be short-lived, given new LME warehouse rules that are scheduled to take effect next year (amm.com, Nov. 7). Rio Tinto Alcan Inc chief executive officer Jacynthe Côté said earlier this week that the rule change could push premiums downward (amm.com, Dec. 3).....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.