NALCO finalises 270,000 T alumina export contract

India's state-run National Aluminium Co Ltd (NALCO) has finalised a long-term export contract for 270,000 tonnes of alumina for deliveries in 2013 at 16.53 percent of the LME aluminium price on a free-on-board (FOB) basis, company sources said on Monday.

The Switzerland-based buyer, whose name was not disclosed by the sources, will receive the alumina in batches between January and December.

NALCO, whose tenders serve as a global benchmark, sold 300,000 tonnes of alumina in November for deliveries in 2013 to a Hong Kong-based buyer at 16.56 percent of the LME aluminium price on a FOB basis.

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