Russia's Rusal (HKG:0486) is considering redirecting part of its aluminium exports from China to Japan and other Asian markets, Reuters reported, citing people familiar with the matter.
The shift comes as the Iran conflict disrupts regional supply dynamics and drives up aluminium premiums, the report said.
Japanese buyers are paying the highest premiums in more than a decade, prompting producers to redirect volumes, according to the report.
China, a key destination for Rusal, is reportedly expected to see reduced inflows as buyers turn to cheaper domestic supply.
Rusal is also said to be increasing shipments to other Asian markets, including South Korea, the report added.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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