NEWSBREAK: MJP aluminum Q4 offer at $95/t - sources

A producer has offered fourth-quarter 2020 supply of aluminium to main Japanese ports (MJP) at a premium of $95 per tonne over the London Metal Exchange cash price, according to market sources.

The number is 23.4% higher than the cif MJP premium for the third quarter of 2020, which settled at $75-79 per tonne.
Major producers - Rio Tinto, South32, Alcoa and Rusal - are involved in negotiating quarterly aluminium supply to MJPs, while other suppliers typically follow the benchmark once agreed.

"We think the fourth-quarter premium will be going up and it should...

Canada second most significant player in global mining M&A

Plenty of potential for continued rotation out of tech

Platinum to palladium ratio low, platinum to gold high, versus history

Gold stocks up on metal and equities gains

Most major metals rebound on potential global monetary easing