Aluminium premiums stable; Europe stops downtrend, US rebound on hold

Aluminium premiums held across the globe on Tuesday November 22, with stronger buying appetite halting a long-lived plunge in Europe and lower market liquidity stopping a recent rebound in the United States.

• Higher spot interest lends support to Rotterdam premiums
• US spot premium holds steady amid demand slump
• Large inventories, bearish sentiment hold premiums in Japan
Europe

European aluminium premiums were little...

Published

Imogen Dudman

Ian Templeton

Chay Chye Leng

November 22, 2022

22:51 GMT