trending Market Intelligence /marketintelligence/en/news-insights/trending/qc94eqng9x9jiyd4wj6hcw2 content esgSubNav
In This List

Report: Japanese aluminum buyers agree to highest premium in 3 years

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds

Blog

Insight Weekly: Cryptocurrency's growth; green bond market outlook; coal investors' windfall


Report: Japanese aluminum buyers agree to highest premium in 3 years

Japanese aluminum buyers agreed to pay 25%-higher premiums for metal deliveries in the second quarter, at US$129/tonne, Reuters reported March 20, citing sources directly involved in the pricing talks.

The agreed premium compares to US$103/t paid in the first quarter and is the highest in three years.

The higher premium reflects the rising spot premiums in the U.S, which were the highest in almost three years after President Donald Trump's blanket 10% duty on all aluminum imports earlier in March.

According to a trading source, the new premium is lower compared to the U.S. spot level but higher than current Japanese premiums in the low US$120/t range.