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The price paid on top of the base price for physical delivery in Europe – the premium – has rocketed since 2010, the source noted.
One component, the base price, is quoted on the LME and shaped by global supply and demand; but the other component, the delivery premium, has rocketed over the past five years as the queues for metal stored in Detroit and Vlissingen lengthened.
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Unemployment has rocketed.
The number of visitors has rocketed.
Car use, meanwhile, has rocketed.
The price of ivory has rocketed.
Since that day my career has rocketed.
Drug production has rocketed.
In the past year premiums for all types of property-and-casualty policies have rocketed, in some cases as much as three- or fourfold; they show no sign of letting up.
Government salaries have rocketed.
Rents, unsurprisingly, have rocketed.
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