Demand behind aluminum premium rise: Smith

Feb 19, 2014 | 02:10 PM | Michael Cowden

Tags  Noranda Aluminum, Layle Smith, Midwest premium, London Metal Exchange, LME, Novelis, Ormet, aluminum prices aluminum

CHICAGO — Midwest aluminum premiums have gotten a boost from strong demand and bankrupt Ormet Corp.’s closure of its Hannibal, Ohio, smelter, according to Noranda Aluminum Holding Corp.’s top executive.

"If you look at the trend in the Midwest premium from the time of announcement of the closure to today, it’s a pretty illuminating story," president and chief executive officer Layle K. "Kip" Smith said in an earnings call Feb. 19.....

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