24 JUNE 2013Reuters
India’s NALCO sells aluminium at $226 per ton premium
Edited by : AL CIRCLE
1 min read
India’s state-controlled National Aluminium Co Ltd (NALCO) has sold 6,000 tons of aluminium ingots at $226 per ton premium to the average LME cash price on a cost, insurance and freight (CIF) basis, company officials said on Thursday.
The metal will be shipped to a South Korean buyer in six batches of 1,000 tons each from July to December, the officials who did not wish to be identified told Reuters.
NALCO, whose tenders serve as a global benchmark, last sold 10,000 tons of aluminium ingots at $203 per ton premium over the average LME cash price on a CIF basis to a Switzerland-based buyer in February.
The metal will be shipped to a South Korean buyer in six batches of 1,000 tons each from July to December, the officials who did not wish to be identified told Reuters.
NALCO, whose tenders serve as a global benchmark, last sold 10,000 tons of aluminium ingots at $203 per ton premium over the average LME cash price on a CIF basis to a Switzerland-based buyer in February.
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