Aluminum Premiums Outlook Update (September 28, 2020)

1. US MW PREMIUM ALERT. “Strict” retroactive tariffs on Canadian metal if hard quotas are not met: US senior administration official tells HARBOR. (From September 22).

2. MEXICO P1020 ALERT. Rejected in Mexico for 2021: journalistic MW duty-unpaid formulas (From September 23).

3. EUROPEAN P1020 ALERT. Spot premiums continue to increase amid wide LME contangos, tight availability of metal units, and higher logistics costs (From September 24).

4. EUROPE PFA ALERT. PFA spot premiums up, 2021 contracts with upward pressure (From September 21).

5. EUROPEAN BILLET UPDATE. Spot premiums up amid strong demand, tighter supply (From September 23). To read our full European Billet Market Intel and Premiums assessment, please see our specialized European Billet Intelligence Report.