South Korea's PPS buys aluminium at increased premium

July 15, 2021 / www.metalbulletin.com / Article Link

South Korea's Public Procurement Service (PPS) has awarded a 3,000-tonne aluminium tender at a premium of $168.5 per tonne, 10.1% higher than the premium it had awarded for another aluminium tender two weeks ago.

The latest tender for London Metal Exchange-registered brands of high-grade primary aluminium ingot from a western origin - except those from China, India, Russia and Egypt - was awarded to Donghyun Trading for delivery to Incheon port on a cif basis by October 13, according to a notice published by the state agency on Tuesday July 13.
Donghyun Trading is an agent of Gerald Metals, sources told Fastmarkets.

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