LME agrees to discuss Nasaac concerns
May 08, 2013 | 12:57 PM
| Nathan Laliberte
NEW YORK The London Metal Exchange has agreed to a meeting between its aluminum committee and the North American Die Casting Association (Nadca) in response to the die casting groups call for immediate changes to the exchanges North American special aluminum alloy contract (Nasaac), Nadcas president told AMM.
The meeting, scheduled for the week of May 20, is intended to give the LME and Nadca an opportunity to discuss the contracts effectiveness after Nadca said in an April 25 letter that it would encourage all die casters to discontinue support of the Nasaac for pricing finished aluminum parts within the industry unless changes to the contract are made immediately (amm.com, April 30).....
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