The US Midwest aluminium premium climbed to its highest point in more than six years on Tuesday April 13, supported by rising global premiums and shrinking supply.
Fastmarkets assessed the aluminium P1020A premium, ddp Midwest US at 22.5-23.5 cents per lb on April 13, up by 2.22% from 22-23 cents per lb previously and its highest since February 18, 2015, when the premium was assessed at 23.75-24 cents per lb.The premium has climbed rapidly in the last few weeks. The assessment reached its highest since June 2018 - when the introduction of Section 232 tariffs and sanctions against Russian producer UC Rusal boosted the premium - late last month,...