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Japan Aluminum Premium Said to Increase for First Time in Year

Thursday, Jun 11, 2009
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June 9 (Bloomberg) -- Aluminum producers will boost the fee they charge Japanese buyers next quarter for the first time in a year on rising demand as the world’s second-largest economy shows signs of recovery from recession. The premium will rise to $68 to $75 a metric ton over the London Metal Exchange cash price for the three months to Sept. 30 from a five-year low of $55 to $60 a ton this quarter, according to four executives involved in the talks. They declined to be identified as the negotiations were private. source:www.bloomberg.com

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