Reuters reported that India's state run National Aluminum Company Limited sold 6,000 tonnes of aluminum ingots at USD 103 per tonne premium over the average LME cash price on a cost, insurance and freight basis.
Mr Ansuman Das director commercial at NALCO said that the European buyer will get the metal in six batches of 1,000 tonnes each from August to January.
NALCO, whose tenders serve as a global benchmark last sold 12,000 tonnes of aluminium ingots in April to European trading firm Trafigura in April at USD 95 per tonne premium over the average LME cash price on a cost insurance and freight basis.
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