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Aluminum premiums set for 30% hike in Japan as US curbs loom

Asia-bound supplies allocated to American market ahead of crackdown

Aluminum shipments to the U.S. have increased of late amid the threat of new tariffs.

TOKYO -- Global mining giants are pushing for higher premiums on aluminum ingots from Japanese buyers for next quarter as the prospect of American restrictions on imports has spurred demand.

Such companies as Anglo-Australian player Rio Tinto and Alcoa of the U.S. seek $132 to $135 a ton for the April-June period, up 30% from the first three months of the year.

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