LME aluminium prices are trading at a 3-years high and Shanghai Shanghai prices they are trading at 11-year highs.
The global aluminium premiums are trading at multi-year highs as well. So Asia, Europe, US you have multi-year premiums trading when it comes to aluminium.
US premiums are at the highest since April 2018, Japan also at May 2018 highs. This is due to strong demand, supplies not reaching the consumers and also the shipping and freight rates are at multi-year highs as well.CNBC-TV18’s Manisha Gupta has more details. Watch this video for more.