One consumer and several trading houses in Japan confirmed they received offers for the first-quarter 2021 supply of aluminium to main Japanese ports (MJPs) from two producers at a premium of $138 per tonne over the London Metal Exchange cash price, market sources said on Friday November 27.
Offers at $138 per tonne are 57.8% higher than the cif MJP premium for the fourth quarter of 2020, which settled at $88 per tonne.Major producers - Rio Tinto, South32, Alcoa and Rusal - are involved in...