RIO rio tinto limited

News: RIO Japan buyers agree to pay Q2 aluminium premiums of $148-149/T -sources

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    TOKYO, March 31 (Reuters) - The premiums for aluminium shipments to Japanese buyers for April to June were set at $148-$149 a tonne, up 14-15% from this quarter, on a tight container market and recovery in demand from a pandemic-induced slump, four sources directly involved in pricing talks said.

    The April-June premiums are the highest since the same quarter in 2015. In January to March, the premium was $130 per tonne. This is a third consecutive quarterly rise in premiums.

    Japan is Asia's biggest importer of the light metal and the premiums PREM-ALUM-JP for primary metal shipments it agrees to pay each quarter over the London Metal Exchange (LME) cash price CMAL0 set the benchmark for the region.

 
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