Rio Tinto (RIO) has suspended negotiations with Japanese customers over Q2 aluminum supply due to instability in the Middle East following the US and Israeli war against Iran, Bloomberg reported Monday, citing people familiar with the negotiations.
The miner has rescinded an initial offer of a premium of $250 per ton, citing the potential impact of the Middle East war on metal prices, the report said.
Rio Tinto did not immediately respond to MT Newswires' request for comment.
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