Rio Tinto lifts force majeure for Australian alumina exports
Rio had declared force majeure on third-party contracts in May after an incident limited its supplies of natural gas.
Rio Tinto Alcan has requested a quarterly premium of $254 per tonne over the July-September LME cash price for aluminum shipments to Japan, Reuters reported Tuesday.
The requested price is up considerably from the $248-$250 per tonne average premium from last quarter.
Japan imports more aluminum that any other Asian nation.
The premiums agreed between Japanese buyers and aluminum producers set the price benchmark for the region.
