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 AMM.
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.