India NALCO sells aluminium at $76/t premium-source

Fri Jun 26, 2009 4:09am EDT
 
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MUMBAI, June 26 (Reuters) - India's state-run National Aluminium Co Ltd (NALCO) (NALU.BO) sold 5,000 tonnes of aluminium ingots a a premium of $76 a tonne to LME cash price on a CIF basis, a senior official in the company said on Friday.

The buyer was the European trading firm Trafigura, said the official, who has direct knowledge of the deal but did not want to be identified.

The shipment will take place from July onwards in batches, the official said.

NALCO, whose tenders serve as an international benchmark, last sold aluminium last week at $83.33 a tonne over LME, also to Trafigura. (Reporting by Jatindra Dash)

 

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