A sharp drop in the US Midwest aluminium premium in November was the primary reason market participants turned away from any sort of arbitrage opportunity between London Metal Exchange sheds in Asia and the United States.
An ongoing aluminium stock drawdown throughout November in the US and a lingering backwardation on LME spreads pushed the premium to its lowest since March 2018.Fastmarkets' assessment of the monthly average midpoint for the aluminium P1020A premium, ddp...