GM digs in heels on Nasaac for 2013 contracts

Dec 11, 2012 | 03:51 PM | Daniel Fitzgerald

Tags  General Motors, GM, North American special aluminum alloy contract, Nasaac, A380.1, secondary aluminum alloy, 2013 contracts, Daniel Fitzgerald

NEW YORK — General Motors Co. is believed to be standing its ground in using the London Metal Exchange’s North American special aluminum alloy contract (Nasaac) for its 2013 contracts, while other consumers are reported to have locked in contracts without Nasaac.

Many contracts have been booked for 2013 using free-market pricing from publications such as AMM, typically at a 2-cent discount to the published A380.1 price, market sources told AMM.....

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