Aluminium premiums in the US Midwest and in Rotterdam rose on Tuesday July 21 following a wide contango on the London Metal Exchange, while premiums in Asia were flat.
A wide contango and uncertainty about tariffs affecting Canada pushed the US Midwest premium to its highest since April.Slightly bullish sentiment, contango continued to support premiums throughout Europe.Premiums in Asia were steady following Main Japanese Ports (MJP) third-quarter negotiations concluded on Wednesday last week.Even with the spot market quiet, traders raised offers because the LME's...