Japan's Itochu and Sojitz have yet to award a two-year alumina term sell tender that closed last Friday, a vendor source said Monday.
The tender called for up to 360,000 mt to be shipped from Australia's Worsley Alumina between January 2013 and December 2014, with participants invited to submit bids for one- and two-year options.
Each shipment will comprise 30,000 mt, to be loaded at regular intervals during the term of the contract, and priced as a percentage of three-months LME aluminum values.