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Aluminum premiums 'rapidly approaching' support level -Century VP

Reuters - UK Focus

NEW YORK, April 30 (Reuters) - Aluminum premiums in the United States and Europe are "rapidly approaching" a level at which they will find support, Century Aluminum (NasdaqGS: CENX - news) vice president Shelly Harrison said in a call to announce the company's first-quarter 2015 earnings.

This should discourage Chinese exports of semi-fabricated products, which have been a factor in the dropping premiums, Harrison said. The U.S. Midwest premium (AL-PREM) has dropped to 14 cents to 15 cents a lb from a record-high above 24 cents a lb in January. (Reporting By Luc Cohen)