S.Korea buys 4,000 T aluminium for Jan

Wednesday, Oct 31, 2012
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  South Korea has bought a combined 4,000 tonnes of aluminium for arrivals by Jan. 15 via tenders on Wednesday, the state-run Public Procurement Service said on its website (www.g2b.go.kr).

  Details of the purchases are as follows:

  TONNES SUPPLIER                  PREMIUM(CIF/T)  ORIGIN

  2,000  LG International Corp     $247            Western

  2,000  Glencore International AG $222            Non-Western

  * Note: For Western origin products, the agency excludes those from China, Russia, India and Egypt. All of the products should be from London Metal Exchange (LME) registered brands.

  The metals were bought at the above premiums over LME prices, the government procurement agency said.

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