* Aluminium supply decreased, premiums jumped * BMW hedges using OTC contracts (Adds comment, detail, background) By Pratima Desai LONDON, May 27 (Reuters) - Bank financing deals that have tied up large amounts of aluminium in London Metal Exchange (LME) warehouses have led some suppliers to impose surcharges, German luxury carmaker BMW said on Friday. Metal industry sources estimate these deals have tied up a hefty 70 percent or 3.3 million tonnes of record high aluminium stocks ...
Premium Content (PAID Subscription Required)
"UPDATE 1-Bank deals have led to aluminium surcharges -BMW" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.