The premiums that U.S. purchasers of aluminum have to pay for the lightweight metal to be shipped to the United States hit a record high last week. The numbers surpassed the level reached more than five years ago when trading houses and banks began to participate in warehouse merry-go-round deals in order to collect higher rents.
This latest increase, however, wasn’t driven by merry-go-round deals. It was instead propelled by a tariff holdover and a surge in shipping costs and demand…
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