Alcoa said mulling shift in gear toward Nasaac
Jun 03, 2014 | 06:36 PM
| Nathan Laliberte
NEW YORK Alcoa Inc. could look to produce aluminum alloy conforming to the London Metal Exchanges NA380.1 specification, a move that would reflect a recent spike in prices for the exchanges North American special aluminum alloy contract (Nasaac), traders told AMM.
"We do not comment on market rumors," an Alcoa spokeswoman told AMM.
However, the Pittsburgh-based company previously sold material into the contract and has registered brands deliverable against Nasaac, including large sows, ingots and T-bars, according to the LMEs website.
The Nasaac cash contract closed the official session at $2,300 per tonne ($1.043 per pound) June 3, up 29.2 percent from $1,780 per tonne (79.8 cents per pound) on Feb. 10.....
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