Korea PPS Buys 2,000 Tons Aluminum; $133.53/Ton Premium To LME
SINGAPORE, Mar 11, 2011 (Dow Jones Commodities News via Comtex) -- South Korea's Public Procurement Service, a state agency that stockpiles strategic commodities, said Friday that it has purchased 2,000 metric tons of non-western origin aluminum at a premium of $133.53 over the London Metal Exchange price.
The tender was won by Glencore International AG and the metal is for delivery to Incheon by May 15, according to the PPS website.
Aluminum Al
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