LME, die casters discuss Nasaac concerns
May 22, 2013 | 04:27 PM
| Nathan Laliberte
NEW YORK The North American Die Casting Association (Nadca), along with representatives from several large die casting firms, met with officials from the London Metal Exchanges aluminum committee May 22 to discuss the effectiveness of the North American special aluminum alloy contract (Nasaac), Nadca president Daniel L. Twarog told AMM.
The LME did not return calls for comment, but according to Twarog, the meetingwhich took place via teleconferencegave die casters an opportunity to raise their numerous concerns with the contract and, in some cases, suggest solutions.
"Overall, (LME) representatives were extremely open to the points made by Nadca and its members," Twarog said. "They said they would not be able to offer specific remedies from the conference call but would work with the appropriate committees of the LME to find solutions."
Additionally, Twarog said the LME offered the die casting industry a potential seat on the aluminum committee.....
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