TOKYO, March 11 (Reuters) - Rio Tinto
offered Japanese buyers a revised premium offer of $350 per
metric ton for April-June primary metal shipments, up 79% from
the current quarter and 40% from its previous offer, two sources
involved the quarterly talks said on Wednesday.
Japan is a major Asian importer of the metal and the
premiums for primary metal shipments it agrees to pay each
quarter over the London Metal Exchange (LME) cash price
set the benchmark for the region.
Earlier this month, global aluminium producers pulled
initial premium offers, or let them expire, as they gauged the
threat from the escalating Middle East war to cargoes through
the Strait of Hormuz.
Rio Tinto declined to comment.