UPDATE 1-Bank deals have led to aluminium surcharges -BMW

Newswire

* 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 ...

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