Global aluminium producer seeks Q3 premium of $480/T from Japan buyers, sources say

TOKYO, May 26 (Reuters) - ​A ⁠global aluminium producer has ​offered Japanese buyers a premium ​of $480 ‌per metric ton for July-September ⁠primary metal shipments, up ⁠36%-37% from ​the current quarter, three sources directly involved in quarterly pricing talks said ​on ‌Tuesday.

Japan is Asia's major importer of the metal 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. For the ​April-June quarter, Japanese buyers agreed to ‌pay a premium of $350-$353 per ton <PREM-ALUM-JP>, up 79%-81% from the prior ⁠quarter ⁠and the highest ‌in 11 years, as the Middle ​East war ​tightened supply. (Reporting ‌by Yuka Obayashi in Tokyo and Amy Lv in Beijing; Editing by Kirsten Donovan)

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