| Aluminium premiums have been dropping sharply this year but what enabled the financing deals that locked up metal in the first place? Over the next few days, Metal Bulletin will be running a series of articles on the history of the LME aluminium contract and particularly the spread between nearby prices and those further out.
Aluminium premiums have sunk this year. Since the start of 2015, the cost of obtaining nearby delivery has seen its sharpest fall since the financial crisis, and many are now forecasting further falls throughout the rest of the year as Chinese exports and former warehouse stocks saturate the market...........................................Full Article: Source
|