Die casters question Nasaac’s effectiveness
Apr 30, 2013 | 05:59 PM
| Nathan Laliberte
NEW YORK The North American Die Casting Association (Nadca) has filed a letter of complaint with the London Metal Exchange calling for immediate changes to the North American special aluminum alloy contract (Nasaac).
Nadca, which claims to represent more than 95 percent of all North American die casters, has been experiencing "significant issues with the effectiveness" of the Nasaac contract, the group said in an April 25 letter to the chairman of the LMEs aluminum committee Gavin Prentice.
"Unless (the) LME can make changes to the contract immediately, Nadca will encourage all die casters to discontinue support of the Nasaac for pricing finished aluminum parts within the industry," Nadca said in the letter.
Representatives from the LME didnt respond to requests for comment.....
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