Aluminum premiums may be increasing in Japan and Indonesian officials assured industry leaders that the nation’s unrefined ore ban is here to stay.
Japanese Aluminum Premiums To Rise
Some aluminum producers have offered Japanese buyers a premium of $110 per metric ton for October-December primary metal shipments, up 10% from the previous quarter, four sources involved in quarterly pricing talks told Reuters on Tuesday.
Ban Will Stay
Indonesia will keep its export ban on nickel ore, contrary to recent media reports suggesting the country may relax curbs to prop up its slowing economy, senior government officials said.