According to the market news, as the bauxite price remained stable recently, National Aluminum Company Limited (NALCO), one of the India-based aluminum companies, was currently considering whether to resume the long-term export contract of alumina.
The long-term selling contract of bauxite in the fiscal year of 2019 had created around 300,000 tons of alumina sales to NALCO.
However, the price started to increase after that, so NALCO more prefer to sell it by the site at that time.
Considering the recent market situation, the NALCO had once again preferred to make some long-term export contracts to stable the sales of alumina.
Nalco considers resuming long-term export contract for alumina
11 Dec 2019 17:29 reported by Lemon
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