European aluminum premiums chasing US

摘要

European aluminum premiums are nearing record highs due to a lack of availability and pressure from a spike in U.S. premiums that broke records this past week. The European duty-unpaid premium of AMM sister publication Metal Bulletin rose to $220 to $240 per tonne from $210 to $230, while duty-paid premiums increased to $280 to $300 per tonne from $270 to $290 per tonne. This compares with record highs of $235 for unpaid metal in September 2012 and $305 for paid metal a year ago.