NEW YORK The London Metal
Exchange and the North American Die Casting Association (Nadca)
will meet May 22 to discuss Nadcas concerns about the
long-term viability of the North American special aluminum
alloy contract (Nasaac), Nadca president Daniel L. Twarog told
The meeting, which will take
place via video conference, is intended to give the LME and
Nadca an opportunity to discuss the contracts
effectiveness after Nadca said in April 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 were made immediately (
amm.com, April 30).
"My expectations are that the
LME listen to the issues and provide a corrective action plan
with timelines to implement," Twarog said May 14, adding that
several die casting industry owners will be included on the
call. "The direction that we take from there will depend on the
plan and the timeliness of its implementation."
The LME declined to confirm news
of the meeting.