The premium for silicon 7 aluminium wheel alloys over London Metal Exchange cash prices delivered to the Ruhr region
with 30-day payment terms was assessed Friday at $340-360 per tonne. The premium is down more than 17.6% year on year.
The US government levied sanctions against Russian aluminium producer UC Rusal on April 6, 2018.
Bearish views on the automotive sector in Europe continue to drive aluminium foundry metal’s downtrend and...