Negotiations between overseas aluminum bullion producers and Japanese consumers for the Jan-Mar’22 loading premium have settled at $177, down 20% ($43) against the previous quarter. Decline in western premiums and stagnation in automobile production drove the negotiations, as per a Japan Metal Daily (JMD) report. Global supply and demand of new aluminum bullion is likely to remain short in CY’22 due to supply restrictions amid environmental curbs in China.
Leave a Reply