NALCO sells aluminium at $109 premium - source

Mar15,2011, 10:45 AM

BHUBANESWAR, India (Reuters) - India's National Aluminium Co Ltd (NALCO) sold 3,000 tonnes of aluminium ingots at $109 per tonne premium over the average LME cash price on a cost, insurance and freight basis, a company source said on Tuesday.

The buyer, Switzerland-based Alaska Metals will get the metal in one batch by April, the senior official with direct knowledge of the deal said, but cited company policy to stay unidentified.

NALCO, whose tenders serve as a global benchmark, last sold 7,500 tonnes of aluminium ingots in February to the same company at a premium of $106.51 per tonne over the average LME cash price on a delivered basis. (Reporting by Jatindra Dash; Editing by Harish Nambiar,sourced:Reuters)

NALCO issues 3,000 T aluminium export tender: Source

10 Mar, 2011, 12.44PM IST,REUTERS

BHUBANESWAR: India's state-run National Aluminium Co Ltd (NALCO) has issued a tender to export 3,000 tonnes of aluminium ingots, a senior company official said on Thursday.

The last date for submission of bids is March 14, the official, who is close to the tendering process but could not be named due to company policy, told Reuters.

The metal would be supplied to the buyer in one batch either this month or next, as per the buyer's choice, the source said.

NALCO , the tenders of which serve as a global benchmark, last sold 7,500 tonnes of aluminium ingots in February to Switzerland-based Alaska Metals , at a premium of $106.51 per tonne over the average LME cash price on a delivered basis.