India NALCO finalizes 270,000 T alumina export deal

BHUBANESWAR, India, Oct 24 (Reuters) - India's state-run National Aluminium Co Ltd (NALCO) has finalized a long term contract for export of 270,000 tonnes of alumina at 14.95 percent of the LME aluminium price on an FOB basis, a source in the company said on Saturday. The alumina will be supplied to Switzerland-based Alaska Metals in nine batches of 30,000 tonnes each through 2010, said the source, who has direct knowledge of the sale but could not be identified due to company policy. Last year in October, NALCO sold 240,000 tonnes of alumina in a long term contract at 13.29 percent of the average aluminium LME price, a source had told Reuters. (Reporting by Jatindra Dash; editing by Patrick Graham)