Aluminium billet premiums in Germany remain high as Q4 deals mount

Premiums for aluminium billet in Europe were mostly firm this week with participants trying to secure metal for the fourth quarter and beyond.

US sanctions against aluminium producer Rusal implemented in April have caused consumers to seek alternative sources and has meant the availability of aluminium products has been very tight in recent months. Traders are now paying high premiums to secure metal for the next quarter with no confirmation of whether the sanctions will be lifted or relaxed further. “Nobody knows that is really going to happen. It could all get resolved but on the other hand we could get to October and we could still have no billet available,” a...

Published

Alice Mason

August 17, 2018

17:10 GMT

London