According to sources, mining giant South32 proposed an initial premium of $220 per ton for aluminum products in the second quarter during quarterly negotiations, and the offer expired last Friday.
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Japan, as a major aluminum importer in Asia, sets a quarterly premium that serves as an important reference for regional benchmark prices. The invalidation of this quotation means that both parties have not yet reached an agreement on the supply terms for the second quarter, and negotiations may enter a new phase.
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