Aluminum Stocks to Gain in 4th Quarter as Deals Extend

Bloomberg reported that LME monitored aluminum stockpiles will most likely gain in the fourth quarter after the financing deals are extended.

As quoted in the market news:

Premiums paid for aluminum in North America and Europe may decline slightly in the coming months because of weaker demand, while staying at elevated levels because financing deals limit supply of the physical metal, according to CRU. Premiums in North America rose to a record in May after warehouse incentives and transportation costs climbed.

Click here to read the full Bloomberg report