S32 No Debt and ready to move, page-109

You have to be kidding to think this is a positive for aluminium producers. Last year the premium was US$110/tonne on sales to Japan.
So the premium has gone down, its definitely not something to get excited about.
Just LESS money for aluminium. Great effort.


Global producer asks for $110/t aluminium premium from Japanese buyers for Q4 2019
Category
Market
Date
31-Aug-2019
Source
According to the Reuters report, a global aluminium producer has offered Japanese buyers a premium of $110 per tonne for primary metal shipments during October-December quarter. This premium is higher by 2 per cent than that in the current quarter. The news came after five sources directly involved in quarterly pricing said on Friday, August 30.

Japan imports a considerable amount of primary aluminium from Asia and the premiums it agrees to pay each quarter over the London Metal Exchange (LME) cash price set the benchmark for the region.
For July-September quarter, Japanese buyers had agreed to pay a premium of $108 per tonne, up 3 per cent from the previous quarter.
Negotiations on the latest quarterly pricing between Japanese buyers and global producers, including Rio Tinto and South32 Limited, began this week and expected to continue until later next month.
Another increase in premiums would mark the third quarterly increase in a row.