Reuters reported that India's state run National Aluminium Company Limited has finalized a long term export contract for 300,000 tonnes of alumina for deliveries in 2013 at 16.56% of the LME aluminium price on a free on board basis.
Company sources said that the Hong Kong based buyer whose name was not disclosed by the sources will receive the alumina in batches between January and December next year.
NALCO, whose tenders serve as a global benchmark, in September sold 330,000 tonnes of alumina for deliveries in 2013 to a Singapore based buyer at 16.07% of the LME aluminium price on an FOB basis.
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