Metals News
India's NALCO Issues 6,000 T Aluminum Export Tender-Source
industry news
05:14PM
Jun 23,2011
Source:SMM

BHUBANESWAR, India, June 22 -- India's state-run National Aluminum Co. Ltd (NALCO) has issued a tender to export 6,000 tonnes of aluminum ingots, a senior company official said on Tuesday.

The last date for submission of bids is June 28, the official, who is close to the tendering process but could not be named due to company policy, told Reuters.

The metal would be shipped in six batches of 1,000 tonnes each from August to January, the official added.

NALCO, the tenders of which serve as an international benchmark, last sold 12,000 tonnes of aluminum ingots to European trading firm Trafigura in April at $95 per tonne premium over the average LME cash price on a cost, insurance and freight basis.
 

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