Tag: LME NASAAC

Is the LME’s NASAAC Contract in Terminal Decline, or Facing a New Lease on Life?

Is the LME’s NASAAC Contract in Terminal Decline, or Facing a New Lease on Life?

Almost ignored by those outside of the industry, the London Metal Exchange has two contracts that are still of immense potential value to the aluminum industry, or at least they should be when you consider the vast scale of the aluminum die-casting industry worldwide.

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The LME has two contracts in addition to primary metal: the aluminum alloy contract, which is defined as aluminum alloy conforming to A380.1, 226 or AD12.1, and the North American Special Alloy Aluminum Contract which is defined as aluminum alloy conforming to the LME NA380.1 specification (an LME modification of The Aluminium Association Inc. A380.1 specification (1989)) and is designed very much for the automotive industry.

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