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from a Bloomberg article ...On the London Metal Exchange, spot prices for the metal have surged above $US3300 ($4630) a metric ton for the first time since June 1988. Worse, manufacturers are paying eye-watering surcharges above the LME price to get hold of physical metal. For example, European consumers of billets – a widely traded form of aluminium – face a premium of about $1500 per ton, four times higher than the average from 2000 to 2020.
from a Bloomberg article ...
On the London Metal Exchange, spot prices for the metal have surged above $US3300 ($4630) a metric ton for the first time since June 1988. Worse, manufacturers are paying eye-watering surcharges above the LME price to get hold of physical metal. For example, European consumers of billets – a widely traded form of aluminium – face a premium of about $1500 per ton, four times higher than the average from 2000 to 2020.
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