Producers call for change as Nasaac tumbles
Apr 18, 2013 | 05:04 PM
| Nathan Laliberte
NEW YORK A decline in the price of the London Metal Exchanges cash North American special aluminum alloy contract (Nasaac) has prompted some domestic alloy producers and die casters to once again re-evaluate the legitimacy of the contract, sources said.
Nasaac plummeted to its lowest level in nearly three and a half years April 15, closing at $1,741 per tonne (79 cents per pound), down 13.7 percent from $2,017 per tonne (91.5 cents per pound) a year ago.....
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