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India's NALCO sells aluminium at $211.05/T premium

Source : REUTERS
Last Updated: Sat, Dec 08, 2012 19:00 hrs

BHUBANESWAR, Dec 7 (Reuters) - India's state-run National Aluminium Co Ltd has sold 10,000 tonnes of aluminium ingots via a tender at $211.05 per tonne premium over the average LME cash price on a cost, insurance and freight (CIF) basis, company sources said on Friday.

The metal will be shipped to the Switzerland-based buyer in eight batches of 1,250 tonnes each from December to July next year.

NALCO, whose tenders serve as a global benchmark, last sold 12,000 tonnes of aluminium ingots at $213 per tonne premium over the average LME cash price on a CIF basis to a Singapore-based buyer last month. (Reporting by Jatindra Dash; Editing by Prateek Chatterjee)




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