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Two Japan aluminium buyers agree to Q2 premium of $115 -sources
March 1, 2012 / 5:07 AM / 6 years ago

Two Japan aluminium buyers agree to Q2 premium of $115 -sources

TOKYO, March 1 (Reuters) - Two aluminium buyers in Japan have agreed to pay producers a premium of $115 per tonne for lower-grade product for shipment during the three months to June, two sources directly involved in the matter said.

The two companies struck the deals after a U.S. producer asked for a premium of $115, sharply below Rio Tinto Alcan’s offer of $132, sources said.

“Talks have just started but they have hit snags over premiums on higher-end products,” said a source directly involved in the talks.

“It wiill take a while for the whole negotiation process to be complete,” the source said.

Reporting by Yuko Inoue; Editing by Edmund Klamann

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