Aluminum Premiums Outlook Update (November 8, 2022)

1. ALERT! – US MW PREMIUM. PAUSE: MW spot premium range narrows (From November 4).

2. ALERT! - US PFA. SINGLE DIGITS: 2023 contractual PFA premiums fall further (From November 2).

3. ALERT! - US BILLET. GAPS DOWN: US spot billet premiums gap down to... c/lb (From November 2).

4. ALERT! - EUROPE PFA. DECLINE RESUMES: European PFA spot premiums decline to as low as $... per mton (From November 8).

5. EUROPEAN BILLET ALERT. TRADING AT $...: European spot and Q1 back-to-back 2023 billet premiums as low as $... per mton (From November 4).