Japanese aluminium purchasers have come to terms with a global manufacturing entity to shell out a premium of $228 for every metric ton exceeding the benchmark rate for consignments due between January and March. This marks a 30% hike compared to the current quarter, according to two individuals directly associated with the discussions.

This surge marks the fourth successive quarterly increase, surpassing the $175 per ton paid in the quarter spanning October to December.

Japan, a leading Asian importer of this lightweight metal, sets the standard for the region through the premiums it consents to pay each quarter over the benchmark rate set by the London Metal Exchange (LME) for primary metal consignments. The primary purpose of this article is to inform and educate, making it a valuable resource for those with an investment interest in the aluminium sector.