Aluminum Premiums Outlook Update (August 9, 2021)

1. US MW PREMIUM ALERT. UNPRECEDENTED RALLY, MORE UPSIDE SEEN: MW spot premium skyrockets to a fresh all-time high of... cent/lb, with more gains seen ahead (From August 3).

2. US BILLET ALERT. US billet locking down 2022 contractual volumes, and leaving premiums for later (From August 2).

3. US BILLET ALERT. THE GREEN REVOLUTION IS HAPPENING IN AMERICA: US green billet premium upcharge emerges (From August 6).

4. US SLAB ALERT. AMERICA PAYS FOR GREEN ALUMINUM: Green slab upcharge emerges in the US (From August 6).

5. SPECIAL ANALYSIS EUROPE/US PREMIUMS. EU’s potential Section 232 exemption could be bearish for US slab, PFA, and wire rod upcharges (and bullish for Europe’s). (From August 4).

6. EUROPEAN P1020 ALERT. FRESH HIGHS: Rotterdam premiums continue to rise, still not reflecting the full logistical impact of Russia’s export tax (From August 5).

7. EUROPEAN BILLET UPDATE. RALLY CONTINUES: Spot premiums jump to $... per mton, some early Q1 2022 contracts have been signed at $... per mton (From August 5). To read our full European Billet Market Intel and Premiums assessment, please see our specialized European Billet Intelligence Report.