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India NALCO sells aluminium at $83/T premium over LME

Thursday, Aug 06, 2009
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MUMBAI, Aug 5 (Reuters) - India's state-run National Aluminium Co Ltd (NALCO) sold 5,000 tonnes of primary aluminium ingots at a premium of $83 per tonne to the LME cash price on a CIF basis, a senior company source said on Wednesday. The buyer of the consignment was Japan's Sumitomo Corp, said the official who has direct knowledge of the deal but could not be named. NALCO, whose tenders serve as an international benchmark, last sold aluminium ingots at a premium of $84.66 per tonne on LME at the end of July. (Reporting by Jatindra Dash, Editing by Himani Sarkar)

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