ALUMINIUM FOUNDRY WRAP: European PFA premiums continue uptrend ahead of 2022 supply negotiations

Raw material costs drove aluminium primary foundry alloy (PFA) premiums higher in Europe on Friday September 10, while the premium in the United States was flat.

Europe
Fastmarkets assessed the aluminium primary foundry alloy, silicon 7 ingot premium, ddp Germany at a fresh all-time high of $550-620 per tonne on Friday from $510-550 per tonne on August 13.
Fastmarkets also assessed the monthly aluminium primary foundry alloy, silicon 7 ingot premium, ddp Eastern Europe at $550-620 per tonne on Friday, up from $510-550 per tonne on August 13 and a new all-time high.

Most market participants assessed the spot market around $600 per tonne or higher, driven by surging P1020...

Immediate trigger for crash was new Fed Chairman pick

Gold stocks slump on metal price decline

Is the gold market starting to turn 'irrationally exuberant'?

Gold stocks explode up as equity markets languish

Gold stocks outpace flat large caps