Aluminium premiums have sunk this year. Since the start of 2015, the cost of obtaining nearby delivery has seen its sharpest fall since the financial crisis, and many are now forecasting further falls throughout the rest of the year as Chinese exports and former warehouse stocks saturate the market.
These developments will please consumers, whose objections to the warehouse stock financing activities of banks and other financial companies culminated in an antitrust lawsuit
that reached a federal court in New York.
The London Metal Exchange itself has attempted to tackle the issues of huge delivery queues...