India: Nalco reduces aluminium ingots prices by INR 4,800/t

  • Nalco decreased primary aluminium ingots (P1020, 99.7%) prices by INR 4,800/t ($62/t) on 28 May’22 compared to 24 May. The effective price stands at INR 254,500/t ($3,283/t).
  • The LME aluminium price was at $2,823/t in the last trading session, down $108/t w-o-w.
  • Nalco has a production capacity of around 400,000 t per annum of aluminium and accounts for 9-10% of India’s market share.

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