by Anthony Halley

Rio Tinto hikes up aluminum price for Japanese buyers

Premiums set the price benchmark for the region

Rio Tinto jacks up aluminum price for Japanese buyers
worker.jpg

Rio Tinto Alcan has requested a quarterly premium of $254 per tonne cash price over the July to September London Metal Exchange (LME) for aluminum shipments to Japan, Reuters reported Tuesday.

The requested price is up considerably from the $248 to $250 per tonne average premium of last quarter.

Japan imports more aluminum that any other Asian nation.

The premiums agreed between Japanese buyers and aluminum producers set the price benchmark for the region.

comments powered by Disqus

RW1
R1
R1
R1

This edition

Issue 37
Current


Archive


Mining_Magazine Effective insurance can minimise risk in mining construction projects https://t.co/Zk9Ql6dGfR https://t.co/fZc3xOZgeE 27 days - reply - retweet - favorite

Mining_Magazine With the increase in illegal mining operations, the need for mining equipment grows. https://t.co/5FlsljFLbV https://t.co/voysCtoyLf 27 days - reply - retweet - favorite

Mining_Magazine Improving Mining’s ‘fitness’ with connected devices, Artificial Intelligence and Edge Computing… https://t.co/je6wh1Sb7Q 28 days - reply - retweet - favorite

  • Mduduzi Gwebu
  • Cedrick Ramaboya
  • Terrence Damster
  • Noluvuyo Sodela