Soda Cans Cheaper to Make as Aluminum Warehouse Waits Ease
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Car frames, soda cans and bicycles are becoming less expensive to produce as manufacturers pay the smallest premiums in almost three years to secure aluminum.
The surcharge added to the cost of metal for immediate delivery on the London Metal Exchange will probably fall as much as 46 percent in the U.S. and Europe by the end of 2015, according to Harbor Aluminum Intelligence. Premiums in Europe have slumped to the lowest in 34 months, down from a record in November, data from the Austin, Texas-based researcher show.