India's state-run National Aluminium Company (Nalco) sold this week 30,000 tonnes of alumina to Iran Aluminium Company (IRALCO), a top official of the Indian company told Reuters on Friday.
Nalco, Asia's largest alumina producer, finalised the tender at $462.5 per tonne FOB (free on board) and the commodity will be shipped in the third week of this month, the official said.
India's second-largest aluminium producer plans to invite another tender in June to sell 30,000 tonnes of alumina, an intermediate product, he said.
Nalco is expected to produce 1.58 million tonnes of alumina in 2004/05 (April-March), up from 1.56 million tonnes a year ago. It also aims to export 875,000 to 900,000 tonnes of alumina in the current fiscal year, mostly through long-term contracts.
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