Mysteel
Rio Tinto halts Japan aluminium premium negotiations on geopolitical risks
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2 min read
The decision was linked to heightened volatility in aluminium prices triggered by escalating regional tensions, the reports said. Rio Tinto has not publicly commented on the matter or indicated when talks may resume.
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The premiums refer to the additional amount buyers agree to pay on top of the cash price on the London Metal Exchange (LME) for physical aluminium deliveries, Mysteel Global learned. Japan, one of Asia's largest aluminium importers, sets a quarterly benchmark known as the Japan premium for primary aluminium shipments to its main ports.
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