South Korea to buys 4000 tonnes of aluminium ingot via tender
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Sunday, 18 Dec 2011
Reuters reported that South Korea has bought a total of 4,000 tonnes of high-grade aluminium ingot via tenders, the state run Public Procurement Service on its website
Details of the purchases are as follows
| TONNES | SUPPLIER | PREMIUM(CIF/T) | ORIGIN |
| 2,000 | Glencore International AG | USD 90 | Western |
| 1,000 | Hydro Aluminium | USD 103 | Non-Western |
| 1,000 | LG International Corp | USD 118 | Non-Western |
Note: The above premiums were made over London Metal Exchange (LME) prices on a cost, insurance and freight basis, and western origin excludes metals from China, India, Russia and Egypt.
Arrivals for the deals are by February 29, 2012 at the port of Incheon
(Sourced from Reuters)
