May 2012 | Base Metals
Broad rise in cancelled warrants causing concerns: Market Summary
Financing deals, warehouse queues and low load-out rates are making physical availability of many metals tighter than we would normally expect given the fragile demand background
Aluminium: Sentiment across the base metals picked up last week, which halted the earlier slide in prices. Spot premiums continue to rise, reaching record high levels in the US. This will no doubt help marginal smelters stay in production, encourage new capacity to come on stream and see idled capacity reactivated. All of this will result...
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