NALCO Sold Aluminium Ingots at Premium - Source-Shanghai Metals Market

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NALCO Sold Aluminium Ingots at Premium - Source

Industry News 01:16:23PM Dec 07, 2009 Source:SMM

BHUBANESWAR, Nov. 18 -- India's National Aluminium Co Ltd (NALCO) (NALU.BO: Quote) sold 10,000 tonnes of primary aluminium ingots at a premium of $87.15 per tonne over the LME cash price on a CIF basis, a company source said on Tuesday.

    The buyer was Hong Kong-based Noble Resources, said the official who has direct knowledge of the deal but could not be named due to company policy.

    He said there were seven bidders for the tender.

    The metal would be supplied to the buyer in five batches. NALCO, whose tenders serve as an international benchmark for prices, last sold aluminium ingots on Nov. 11 at $86.75 a tonne premium over the LME cash price on a CIF basis, the same source had said.

    (Source: Reuters)
 

Key Words:  Aluminum Al  Aluminum price 

NALCO Sold Aluminium Ingots at Premium - Source

Industry News 01:16:23PM Dec 07, 2009 Source:SMM

BHUBANESWAR, Nov. 18 -- India's National Aluminium Co Ltd (NALCO) (NALU.BO: Quote) sold 10,000 tonnes of primary aluminium ingots at a premium of $87.15 per tonne over the LME cash price on a CIF basis, a company source said on Tuesday.

    The buyer was Hong Kong-based Noble Resources, said the official who has direct knowledge of the deal but could not be named due to company policy.

    He said there were seven bidders for the tender.

    The metal would be supplied to the buyer in five batches. NALCO, whose tenders serve as an international benchmark for prices, last sold aluminium ingots on Nov. 11 at $86.75 a tonne premium over the LME cash price on a CIF basis, the same source had said.

    (Source: Reuters)
 

Key Words:  Aluminum Al  Aluminum price