Liyuan Aluminum Signs Sales Contract With Japanese Company

January 27 – Jilin Liyuan Aluminum （002501） won an aluminum sales contract from Japanese MITSUI Metal Material, reports Shanghai Securities News, citing a company filing.

According to the contract, Liyuan Aluminum will provide about 100 tons of aluminum products to MITSUI Metal Material per month in 2011.

The price will be determined by the average spot price in the previous month in addition to a processing fee of 15,000-27,000 per ton.

Jilin Liyuan Aluminum predicts the newly-signed contract will add 35-48 million yuan to its annual revenue.