As per the information available on the government procurement agency's website, the purchase particulars are outlined below:
The agreements were finalised with premiums above the London Metal Exchange cash prices, as the metals are required to be registered on the LME.
According to the OECD, South Korea's per capita aluminium consumption was predicted to be the highest globally by 2023, thanks to its expansive automobile and electrical sectors. As of 2022, South Korea's per capita aluminium consumption is 42.76 kg. However, because South Korea is not one of the top aluminium-producing countries, imports fill its metal requirement.
