Supply story causes European aluminium premiums to diverge from underlying LME price trend

Aluminium prices on the London Metal Exchange have been suppressed since the start of 2023, decoupling from premiums in the European market that have risen by 25% in the same period.

The LME three-month price was last trading at $2,339.50 per tonne on Friday March 24, down from over $2,600 per tonne at the start of February.



Alice Mason

March 24, 2023

13:21 GMT