The benchmark aluminium premium in the United States returned to its recent peak, amid rising offers to consumers and bullish sentiment in the US, after Australia banned sales of alumina to Russia.

The United States and United Kingdom have reached a deal that will replace the Section 232 tariffs applied to US imports of steel and aluminium products from that country with a quota system, the US Department of Commerce announced on Tuesday March 22

The benchmark aluminium premium in the United States fell from its all-time high amid reported discounting, after having broken a series of records in six of the past seven assessments, sources told Fastmarkets on Friday, March 18

Fastmarkets has corrected the LME Asian reference and TAPO prices for March 18, which were published incorrectly due to a technical error.

The European aluminium industry fretted over the availability of Russian material the last time sanctions were applied in 2018, but with premiums already pushing to near all-time highs following Russia's invasion of Ukraine, it's clear the market's reaction is very different this time around.

Tight availability of primary aluminium in Europe continues to push premiums higher, with Fastmarkets’ duty paid Rotterdam premium hitting a fresh all-time high

Primary foundry alloy (PFA) premiums reached new all-time highs in both Europe and the United States in the month to Monday March 14, following increased supply concerns in both regions related to the Russian invasion of Ukraine

Despite the belief in some quarters that the benchmark aluminium premium in the United States had finally peaked, the P1020 premium rose to yet another all-time high on Friday March 11, approaching 40 cents per lb

Prices for secondary aluminium ingot in the UK reached new all-time highs in the week to Wednesday March 9 on increased demand and unprecedented prices for scrap grades across the country

Traders in China are seeking to move piled-up base metal stock in the country to Southeast Asia and Europe, where supply is tight, with export arbitrage terms turning positive since Russia's invasion of Ukraine