08 AUGUST 2012Reuters
S.Korea buys 2,000 tonnes of aluminium
Edited by : AL CIRCLE
1 min read
South Korea has bought 2,000 tonnes of aluminium via a tender for October arrival while issuing a separate tender to buy 3,000 tonnes of copper, the state-run Public Procurement Service said on its website (www.g2b.go.kr).
The agency said it bought aluminium from Glencore International AG at a premium of $230 per tonne over London Metal Exchange (LME) prices on a cost, insurance and freight (CIF) basis.
The tender for LME registered copper with minimum 99.99 percent purity will close at 2 p.m. (0500 GMT) on Aug. 17 and the product should arrive to the port of Incheon by Nov. 15, it added.
The agency said it bought aluminium from Glencore International AG at a premium of $230 per tonne over London Metal Exchange (LME) prices on a cost, insurance and freight (CIF) basis.
The tender for LME registered copper with minimum 99.99 percent purity will close at 2 p.m. (0500 GMT) on Aug. 17 and the product should arrive to the port of Incheon by Nov. 15, it added.
Previous article
Noranda Aluminum is down 3.7% since reporting Quarterly Results
Next articleMytilineos hit by low aluminium price
Grow with
AL Circle
