|Day's range||44.345 - 44.345|
|52-week range||38.060 - 50.480|
|PE ratio (TTM)||N/A|
|Dividend & yield||N/A (N/A)|
|1y target est||N/A|
Three global aluminium producers have offered Japanese buyers a premium of $135 per tonne for shipments in the April to June quarter, up 42 percent from the previous quarter, three sources directly involved in the pricing talks said on Wednesday. Japan is Asia's biggest importer of the metal and the premiums for primary metal shipments it agrees to pay each quarter over the London Metal Exchange (LME) cash price set the benchmark for the region. The latest quarterly pricing negotiations began last month between Japanese buyers and miners including South32 Ltd , Rio Tinto Ltd and United Company Rusal Plc, and are expected to continue through this month.
Canadian miner Kincora Copper plans over coming months to start exploration drilling in Mongolia, its CEO told Reuters, calling the area "one of the last frontiers" for top quality copper assets. Kincora's CEO Sam Spring compared Mongolia to Chile (Stuttgart: 704599.SG - news) , the world's largest copper producer, in the 1970s when it was still under-explored and said he hoped to find another Oyu Tolgoi, using a team with experience of finding tier-one copper assets.
Mineral-rich Mongolia plans to double the amount of land available for exploration in an effort to tap into the mining industry's appetite for new resources and help shore up its finances following an IMF-led bailout. Mongolia will increase the land to 20.9 percent of the country from 9.6 percent currently, and could announce the change later this month, the minister of mining and heavy industry, Dashdorj Tsedev, said in an interview on Monday. Miners say Mongolia ranks as one of the best prospects in the world for new copper reserves, as the best quality ore bodies in many other parts of the world have been depleted and electric vehicles raise the possibility of a surge in demand.