US Midwest aluminium premiums were likely to stay at elevated levels on continuing strength in physical demand and the continuation of trade tariffs, the chief financial officer of Alcoa has said.
According to William Oplinger, the Midwest premium was currently 27 cents per lb, a situation that was likely to continue provided the current factors bullish remained in place."The Midwest premium really reflects the fact that the marginal metal unit is coming from outside North America, and with high shipping prices and premiums around the world...