Reuters reported that India's National Aluminium Company Limited sold 180,000 tonnes of alumina in a long term contract for 2011 at 15.92% of the monthly average LME aluminium price on an FOB basis.
A company source said that "Switzerland based Alaska Metals has purchased the alumina for delivery in batches through 2011. The number of bids received for the tender was eight."
Last month, NALCO had finalized a long term export contract with the same buyer for supply of 210,000 tonnes of alumina through 2011 at 16.26% of the monthly average LME aluminium price on an FOB basis.
(Sourced from Reuters)