Global producer seeks Q4 aluminium premiums of $310/T from Japan buyers, sources say
Global producer seeks Q4 aluminium premiums of $310/T from Japan buyers, sources say TOKYO, Aug 28 (Reuters) - A global aluminium producer has offered Japanese buyers a premium of $310 per metric ton for October to December primary metal shipments, down 22% from the current quarter, three sources directly involved in quarterly pricing talks said on Friday.
Japan is a major importer of the light metal and the premiums for primary metal shipments it agrees to pay each quarter over the London Metal Exchange (LME) cash price CMAL0 serve as the regional benchmark.
For the July-to-September quarter, Japanese buyers agreed to pay premiums of $395 per ton PREM-ALUM-JP, up 12% to 13% from the prior quarter.
(Reporting by Yuka Obayashi in Tokyo and Amy Lv in Beijing; Editing by Thomas Derpinghaus)
((Yuka.Obayashi@thomsonreuters.com; +813-4520-1265;))
Recent news on South32
See all newsAustralia's South32 slips; Macquarie cuts EPS view on Cannington output miss
Australian silver stocks fall as precious metals slip ahead of Fed decision
Australia's South32 largely met expectations in first quarter, Jefferies says
South32 Limited - Quarterly Report: September 2026
Analysis: Africa's minerals value-add drive interests investors but faces energy hurdle