NALCO sells 180,000 tons of 2011 long-term contract alumina

Comprehensive media reported on November 24 that a spokesman for the National Aluminum Corporation of India (NALCO) said on Tuesday that it had sold 180,000 tons of alumina under a long-term contract in 2011, which is 15.92% of the monthly average price of LME aluminum, FOB benchmark.

According to company policy, an unnamed source said that Alaska Metals in Switzerland purchased the alumina in batches. The number of companies receiving tenders in the tender was eight.

Last month, NALCO completed a long-term export contract with Alaska Metals, which supplied 210,000 tons of alumina to the latter, which is 16.26% of the monthly average price of LME aluminum, based on the FOB benchmark.

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