Japan Aluminum Buyers Said to Get First Fee Cut in a Year
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Aluminum buyers in Japan, Asia’s largest importer, are set to secure the first fee reduction in a year from suppliers as the economy sinks into a recession, according to three executives involved in the negotiations.
Premiums for the three months starting in January may drop about 4 percent from fees this quarter that ranged between $253 and $255 a metric ton over the London Metal Exchange cash price, said the executives, representing suppliers and buyers, who asked not to be identified because the talks are private.