Aluminum Premiums Outlook Update (October 26, 2020)
1. US BILLET ALERT. Tightening of US billet market not pressuring up US spot or 2021 contractual billet premiums yet. (From October 20).
2. US MW PREMIUM ALERT. Century Aluminum may shut down 100% of its Mt. Holly smelting operations by year’s end if it fails to get a competitive power agreement (From October 21).
3. EUROPEAN BILLET UPDATE. BULLISH TREND INTENSIFIES: Spot and Q1 2021 premiums jump to as high as $... per mton (From October 23). To read our full European Billet Market Intel and Premiums assessment, please see our specialized European Billet Intelligence Report.