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)
((ruchira.singh@thomsonreuters.com; +91-22-6636 9210; Reuters Messaging: ruchira.singh.reuters.com@reuters.net))Keywords: NALCO ALUMINA/INDIA (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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)
((ruchira.singh@thomsonreuters.com; +91-22-6636 9210; Reuters Messaging: ruchira.singh.reuters.com@reuters.net))Keywords: NALCO ALUMINA/INDIA (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
© 2009 AFX News
