Reportedly, India's National Aluminium Company Limited (NALCO) has finalized a long term contract with a Singaporean buyer to export 330,000 tons of alumina for deliveries in batches through year 2013 at 16.07% of the LME aluminum price on an FOB basis.

NALCO sold 240,000 tons of alumina last November for deliveries in 2012 to a Swiss buyer at 16.39% of the LME aluminum price also based on FOB.