S.Korea buys 10,000 tonnes of aluminium ingot

Thursday, Apr 23, 2009
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SEOUL, April 22 (Reuters) - South Korea has bought 10,000 tonnes of primary aluminium ingot for shipping by June 30 including cost, insurance and freight, the state-run Public Procurement Service said on Wednesday. The agency bought 4,000 tonnes of western-origin metal and 1,000 tonnes of non-western origin from Daewoo International, both at a premium of $108 a tonne over London Metal Exchange cash prices to the port of Busan. It bought another 3,000 tonnes of non-western origin from Hiho Metal at a premium of $115 a tonne to the port of Busan and 2,000 tonnes of non-western from Donghyun at a premium of $118 to the port of Incheon.

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