Japan buyers agree on higher aluminum fees due to war disruption
Geopolitics · Mining.com ·
Aluminum buyers in Japan agreed to pay a sharply higher premium for third-quarter shipments, with Rio Tinto and South32 settling at $395 a ton over London Metal Exchange prices, up from around $350 in the prior quarter. Japan's heavy reliance on Middle East supply for high-end aluminum, disrupted by the war, is forcing companies to cut back production and scramble for alternatives, leaving buyers exposed to producers' demands for higher fees.