ALUMINIUM FOUNDRY ROUND-UP: US foundry premium off to a quiet start; Europe premiums inch up amid bullish expectations

Aluminium spot foundry alloys premiums were steady in the United States and slightly higher in Europe, with both markets bullish about the year ahead.

US foundry alloy premium flat on quiet 2018 start The latest assessment of the US foundry alloy premium was unchanged at 9-11 cents per pound, which market participants attributed to a slow start in the spot market thus far this year. “We haven’t seen any change in [prime foundry alloy] – slow start to the year,” one supplier source confirmed. “The ABI thing may change that, but [we] haven’t seen the effects yet.” Unionized employees at the Aluminerie de Bécancour Inc (ABI) aluminum smelter in the...

Published

Kirk Maltais

Justin Yang

January 12, 2018

20:59 GMT

London, New York