Aluminum Premiums Outlook Update (March 8, 2021)

1. US MW PREMIUM ALERT. UP BUT STILL BELOW REPLACEMENT COSTS. MW P1020 spot premium rallies to... cent/lb (From March 2).

2. US BILLET ALERT. FRESH ALL-TIME HIGHS: Billet premiums spikes to... c/lb, more upside seen (From March 3).

3. NORTH AMERICA PFA ALERT. RESILIENT: Strong PFA demand enduring despite temporary power outages and semiconductor shortage (From March 3).

4. MEXICO BILLET ALERT. BILLET PREMIUMS JUMP: Spot at $... per mton, offers at $... per mton (From March 3).

5. EUROPEAN P1020 ALERT. HIGHER AND HIGHER: European P1020 premiums at fresh two-year highs (From March 5).

5. EUROPEAN BILLET UPDATE. PARABOLIC INCREASE: Spot premium spikes to a high of $... per mton (From February 26). To read our full European Billet Market Intel and Premiums assessment, please see our specialized European Billet Intelligence Report.