Compared to the current quarter’s premium, the proposed premium for Q4 is about 8 per cent higher. A global producer has reportedly offered a premium of $185 per tonne over the LME aluminium benchmark price for the December quarter, up from $172 per tonne in the September quarter.
The new premium offer marks an extended growth for Q4, following a 16 to 19 per cent increase in Q3 premium from $145-148 per tonne paid in the April to June quarter.
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EU expands sanctions on Russian aluminium: industry calls for closing loopholes
Fundamental weakness makes it difficult to sustain upward momentum in aluminium prices; short-term price correction observed
