Japan eyes near 20 pct cut in Q1 aluminium premiums

Newswire

* Battle lines seen drawn near $60 for Q1 term premiums * Industry sources view it as a buyer's market * Economic downturn hits car sales, cuts metal consumption By Chikako Mogi and Miho Yoshikawa TOKYO, Nov 28 (Reuters) - Japanese buyers will press for a cut of close to 20 percent in the premium for January-March 2009 primary aluminium supplies, citing the severe economic downturn that has cut demand for the metal used in automobiles. The battle lines are being drawn near $60 per ...

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