S.Korea drops 3,000 T aluminium buy on weak interest

Tuesday, Jul 07, 2009
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SEOUL, July 6 (Reuters) - South Korea scrapped a plan to buy 3,000 tonnes of aluminium ingot after its second attempt to purchase the metal with non-western origin failed to attract enough bidders, the state-run Public Procurement Service said on Monday. The agency had sought to buy the metal for Aug. 20 shipping to the port of Gusan. Last week, the agency bought 2,000 tonnes of the metal at a premium of $120 a tonne over London Metal Exchange cash prices.

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