5 days ago • Posted by William Ramstein
Beer might get more expensive because of rising aluminum prices
Buyers in Japan agreed to pay a premium of $185 per ton above London's benchmark for the coming quarter. This is the highest prices have been in six years. Sellers are winners, as buyers have to accept the higher premium to secure enough supply, because otherwise ingot would be diverted to other countries. Prices have risen amid a commodities boom. Another reason was high levels of overseas spot premiums.