Industria Venezolana de Aluminio, Venezuela’s largest state aluminum smelter, didn’t ship metal to Japan in December for the second time in five months as talks on a new supply contract stalled, according to Showa Denko K.K., the biggest Japanese shareholder in the Venezuelan firm.
Japanese companies are entitled to receive aluminum from Venalum, as the producer is known, as they own shares in the company, said Kyosuke Okano, general manager at the metal center of Showa Denko. The smelter also skipped an August shipment, Okano said in a Tokyo interview.
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