Alcoa said mulling shift in gear toward Nasaac

Jun 03, 2014 | 06:36 PM | Nathan Laliberte

Tags  Alcoa, North American special aluminum alloy contract, Nasaac, London Metal Exchange, LME, A380.1, NA380.1, copper silicon

NEW YORK — Alcoa Inc. could look to produce aluminum alloy conforming to the London Metal Exchange’s NA380.1 specification, a move that would reflect a recent spike in prices for the exchange’s 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 LME’s 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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