Asia spot aluminium premiums may drop as supplies weigh

Reuters reported that Premiums paid by Asian buyers for spot primary aluminium may fall at least 10% in the next 2 months to around USD 100 per tonne over cash London prices due to higher availability of the metal.

Mr Young Soo Hwang senior market analyst at South Korea's Public Procurement Service said that extra supplies have probably come from the release of a small portion of aluminium stocks unlocked from financial deals.

(Sourced from Reuters)