Fastmarkets settles Q3 MJP aluminium premium at $172-185/t

Fastmarkets has settled its premium for the supply of aluminium to main Japanese ports (MJP) in the third quarter of 2021 at $172-185 per tonne over the London Metal Exchange cash price.

The premium is 20.20% higher than the second-quarter benchmark of $148-149 per tonne and more than double the third-quarter of 2020 which settled at $75-79 per tonne cif MJP. The premium has risen for the past four quarters following a 14.29% rise to $88 per tonne in the fourth quarter of 2020.
The sharp rise in this quarter's premium comes after most producer deals were concluded at $185 per tonne after first offers were heard in mid-May at $180-190 per tonne.
The range is significantly larger than previous quarters with a wide spread of deals reported to Fastmarkets throughout the quarter. Producer-to-consumer deals were concluded at $185 per tonne but trader-to-consumer deals concluded mostly at $172 per tonne.

Fastmarkets' methodology allows for trader deals to be included in the settlement of the quarterly...

Gold stocks propelled by gain in metal and equities

Big Gold producers report strong Q1/24 results

Gold stocks decline as metal drop offsets equity risk on

Canadian mining equity capital raising robust in 2023, early 2024

Gold stocks gain even as metal price pulls back