Reuters
NALCO sells 12,000 tonnes of aluminium ingots at $160 per ton
Edited by : AL CIRCLE
1 min read
India's state-run National Aluminium Co Ltd has sold 12,000 tonnes of aluminium ingots at $160 per ton, a premium over the average LME cash price on a CIF basis, a senior company official said on Thursday.
The metal would be shipped to the London-based buyer in six batches of 2,000 tonnes each from May to October, its commercial director Ansuman Das said.
NALCO, whose tenders serve as a global benchmark, last sold a same quantity of aluminium ingots at $152 per tonne premium over the average LME cash price on a cost, insurance and freight basis to a South Korean buyer in April.
The metal would be shipped to the London-based buyer in six batches of 2,000 tonnes each from May to October, its commercial director Ansuman Das said.
NALCO, whose tenders serve as a global benchmark, last sold a same quantity of aluminium ingots at $152 per tonne premium over the average LME cash price on a cost, insurance and freight basis to a South Korean buyer in April.
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