India: Nalco hikes aluminium ingots prices by INR 23,500/t ($308/t)

  • NALCO increased primary aluminium ingots (P1020, 99.7%) prices by INR 23,500/t ($308/t) today as against 16 Mar’22. Effective price stands at INR 304,800/t ($3,991/t).
  • The closing price of the three-month aluminium futures on LME was at $3,521/t on 21 March as against $3,381/t the previous day.
  • NALCO has a production capacity of around 0.4 mnt per annum and accounts for 11% of India’s market share.

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