US aluminium consumers clamor for duty-unpaid P1020 premium

Aluminium consumers in the United States are clamoring for an alternative to the current Midwest aluminium premium, reacting to the premium's surge to a near all-time high this year.

American Metal Market’s latest assessment of the P1020 premium placed it at 19.75-20.5 cents per lb on Tuesday July 10, down from the more than three-year high of 22-23 cents per lb on April 10 but still more than double the 9.4-9.5-cent-per-lb range recorded at the start of this year.
Of all consumers, the beer can industry has been the most vocal about the allegedly unfair nature of the duty-paid aluminium premium.

In an op-ed penned for the Wall Street Journal in May, former Molson Coors Brewing Co chairman Pete Coors criticized the current Midwest premium benchmark, an assessment conducted...

Published

Kirk Maltais

July 12, 2018

23:03 GMT

New York