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NALCO sells aluminium at $82.25/T premium over LME

Saturday, Dec 05, 2009
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BHUBANESWAR, India, (Reuters) - Indian state-run National Aluminium Co Ltd sold 8,750 tonnes of primary aluminium ingots at $82.25 a tonne premium over the average LME cash price on a CIF basis, a company source said on Friday. The buyer was UK-based Steeple Industries, said the source, who is close to the tendering process but could not be named due to company policy. NALCO, whose tenders serve as an international benchmark, last sold aluminium ingots at $87.15 per tonne premium over the average LME cash price on a CIF basis, the same source had said. (Reporting by Jatindra Dash)

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