Metals News
India NALCO Issues Aluminium Exports Tender-Source
industry news
10:28AM
Source:SMM

BHUBANESWAR, India, Aug. 20 -- India's state-run National Aluminium Co Ltd <NALU.BO> has issued a tender to export 3,000 tonnes of aluminium ingots, a senior company source said on Thursday.

The last date for submission of bids is on Aug. 25, the official, who is close to the tender process but could not be named due to company policy, told Reuters.

The metal would be supplied to the buyer in six batches of 500 tonnes each from October to March, he said.

NALCO, the tenders of which serve as an international benchmark, last sold aluminium ingots in July at a premium of $92.50 a tonne, over the average LME cash price on a cost, insurance and freight basis, the same source had said.


 

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