RIO rio tinto limited

News: RIO Japan buyers agree to pay Q3 aluminium premium of $185/T -sources

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    TOKYO, June 11 (Reuters) - The premium for aluminium shipments to Japanese buyers for July to September was set at $185 a tonne, up 24% to 25% from this quarter, as global demand picked up after a pandemic-induced collapse, five sources directly involved in pricing talks said.

    The figure is higher than the $148 to $149 a tonne paid in the quarter from April to June, marking the fourth consecutive quarterly increase and the highest since the April-June quarter in 2015.

    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 benchmark London Metal Exchange (LME) cash price CMAL0 set a regional benchmark.

 
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