Aluminium premiums in Europe and Asia rose on Tuesday September 1 due to improving fundamentals and a consistently wide contango on the London Metal Exchange, while the premium in the United States fell ahead of a national holiday next week.
Stronger demand and a wide contango help to boost premiums in EuropeHigher fourth-quarter premiums and domestic demand support increases in Asia US premium declines ahead of Labor Day holidayEuropean P1020 uptrend continuesThe upward trend is primarily being driven by increased demand due to returning industrial activity in Europe, while a $36-per-tonne contango on the LME's cash/three-month spread is giving little reason...