| While aluminium prices have declined to six-year lows, what has really hurt big trading houses such as Glencore and Noble Group is the sharp fall this year in what is known in industry speak as “premiums”.
This is the extra cost added on to the price that buyers pay to obtain the metal in a certain region, which normally includes insurance and delivery costs. It is the money you get paid on top of the London Metal Exchange price when you sell or trade physical aluminium...............................................Full Article: Source
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