India's NALCO issues tender for aluminium sale-source

BHUBANESWAR, India, Nov 12 (Reuters) - Indian state-run National Aluminium Co Ltd (NALCO) has issued a tender to sell 10,000 tonnes of aluminium ingots in global markets, a company source said on Thursday. The metal would be supplied to the buyer in five batches starting this month to March, said the source, who is close to the tendering process but could not be named due to company policy. The last date for submission of bids is Nov. 16, the source added. NALCO, whose tenders serve as an international benchmark for prices, last sold aluminium ingots on Wednesday at $86.75 a tonne premium over the LME cash price on a CIF basis, the same source had said. (Reporting by Jatindra Dash)