Midwest aluminum premiums steady

Apr 11, 2014 | 05:07 PM | Michael Cowden

Tags  Midwest premium, P1020, U.K. High Court, London Metal Exchange, LME, warehouse, warehouse reform, aluminum aluminum prices

CHICAGO — Midwest aluminum premiums have held steady after a court decision in the United Kingdom threw the direction of the market in doubt.

AMM’s spot P1020 premium was unchanged at 18.25 to 18.5 cents per pound April 11 after edging up earlier in the month following a United Kingdom High Court of Justice ruling that blocked implementation of proposed reforms to London Metal Exchange warehousing policies (amm.com, March 27).....

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