South Korea’s PPS awards 3,500 tonnes of aluminium

South Korea’s Public Procurement Service (PPS) has awarded two tenders totaling 3,500 tonnes of London Metal Exchange-registered brands of aluminium ingot to trading house Glencore International.

The first purchase tender seeking 2,500 tonnes was awarded at a premium of $188 per tonne cif Incheon port, according to a notice published by the state agency on Wednesday October 13.
The premium will be paid on top of the aluminium cash LME daily official price, which was $3,075 per tonne on Wednesday.

The premium for this tender is $3-13 per tonne higher...

Published

Liz Ng

October 14, 2021

05:49 GMT

Singapore