Japan Q1 aluminium premium set at $195 per ton, up 127% from Q4, sources say

Reuters
2026.01.16 11:05
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Japan's aluminium premium for Q1 is set at $195 per ton, a 127% increase from Q4, driven by supply concerns. This marks the first quarterly rise in a year, surpassing the previous $86 per ton. While it is lower than producers' offers of $210-$225, it exceeds initial offers of $190-$203. Japan's premiums influence regional benchmarks for primary metal shipments over the LME cash price.