NALCO sells aluminium at $85.58/T premium over LME-source

BHUBANESWAR, India, Oct 24 (Reuters) - India's National Aluminium Co Ltd (NALCO) sold 7,000 tonnes of primary aluminium ingots at a premium of $85.58 per tonne over the LME cash price on a CIF basis, a company source said on Saturday. The buyer was European trading company Trafigura, said the official who has direct knowledge of the deal but did not want to be identified. The shipment would start from November and conclude in four months, the source added. NALCO, whose tenders serve as an international benchmark for prices, last sold aluminium ingots at a $84.6 a tonne premium over the LME cash price on a CIF basis mid-October, the source said. (Reporting by Jatindra Dash; Editing by Sugita Katyal)