Aluminium premiums in Southern Europe, the United States and Japan rose on Tuesday November 3, while demand outpaced squeezed supply in those regions, overriding the backwardation in London Metal Exchange spreads.
Duty-unpaid Rotterdam premium down; Spain, Italy upUS Midwest premium up as Canadian flows slowStronger demand boosts MJP premiumSlower activity pressures Brazilian premiums downRegional supply shortages and higher risk in transacting metal in those markets have led to Italian and Spanish premiums increasing, while premiums in Rotterdam fell with more supply expected to arrive in the coming weeks and uncertainty due...