Aluminium foundry alloy premiums continued to falter, with the US premium hitting a record low, due to bearish macroeconomics and weak fundamentals.
Fastmarkets assessed the aluminium wheel alloy silicon 7 ingot/T-bar premium, dlvd dup over P1020A Midwest US at 7-10 cents per lb on Friday December 13, down from 8-11 cents per lb in the previous monthly assessment.Spot activity remains minimal, with December a traditionally quiet month. And heated competition among overseas producers for wheel producers' business has dampened the...