SMM Morning Review - 2011/3/24 Lead Market

BHUBANESWAR, India, March 23 (Reuters) - India's state-run National Aluminium Co Ltd (NALCO) has issued a tender to export 12,000 tonnes of aluminium ingots, a senior company official said on Wednesday.
The last date for submission of bids is April 4, the official, who is close to the tendering process but could not be named due to company policy, told Reuters.
The metal would be supplied to the buyer in six batches of 2,000 tonnes each from April to September, the official said.
NALCO, the tenders of which serve as a global benchmark, last sold 3,000 tonnes of aluminium ingots to Switzerland-based Alaska Metals at $109 per tonne premium over the average LME cash price on a cost, insurance and freight basis early this month. 
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