ABI aluminium smelter lockout said key factor in US P1020 premium's rise

News of the lockout at Aluminerie de Bécancour Inc’s (ABI's) aluminium smelter in the Canadian province of Quebec appears to be the catalyst of the US Midwest P1020 premium's push into double-digit territory, market participants told American Metal Market.

The US Midwest premium ticked up above 10 cents per lb this week on the news of the ABI lockout, with one market participant quoting business at 10.25 cents per lb. American Metal Market assessed the P1020 premium at 9.5-9.75 cents per lb on Tuesday January 9, driven up somewhat by freight cost increases and speculation about the fate...

Published

Kirk Maltais

January 15, 2018

01:27 GMT