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Stock impact report

Aluminum producers seek up to 24 percent higher third quarter premiums from Japan buyers: sources [Reuters]

Alcoa Corporation (AA) 
Last alcoa corporation earnings: 4/22 04:10 pm Check Earnings Report
US:NYSE Investor Relations: investors.alcoa.com
Company Research Source: Reuters
Aluminum producers seek up to 24 percent higher third quarter premiums from Japan buyers: sources | Reuters 3 Min Read TOKYO (Reuters) - Two global aluminum producers have offered Japanese buyers a premium of $159-160 per ton for primary metal shipments for the July-September quarter, up 23-24 percent from the current quarter, four sources directly involved in pricing talks said. Japan is Asia’s biggest aluminum importer and the premiums for primary metal shipments it agrees to pay each quarter over the London Metal Exchange (LME) cash price set the benchmark for the region. The premium, if accepted, would be the highest in over three years and the third straight quarterly rise, reflecting premiums in the United States that have surged amid the country’s tariffs on aluminum imports and sanctions on Rusal - the world’s No.2 producer of the metal. “We have received an offer at $159 per ton from one producer and at $160 from another supplier late on Monday,” a source at a trading house s Show less Read more
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