Nalco sells 240,000 t alumina

Print this page Posted on : 11-22-2008 by recycleinme.com

National Aluminium Co agreed to sell 240,000 tonnes of the aluminium-making material through a yearly contract at 13.01 per cent of the prevailing aluminium price in London. ''Like aluminium, alumina prices are also contracting,'' Chairman Mr C.R. Pradhan said. The company last month sold a similar quantity at 13.3 per cent of the metal price in London. Aluminium for immediate delivery traded at $1,810 a tonne on Friday on the London Metal Exchange. Prices have declined more than 23 per cent this year.

Source : Business Line