India: Balco, Hindalco hike aluminium ingot prices by up to INR 5,500/t ($69/t)

Bharat Aluminium Company (Balco) and Hindustan Aluminium Corporation Limited (Hindalco) have raised primary aluminium ingot (P1020 grade 99.7%) prices by INR 5,250/t ($66/t) and INR 5,500/t ($69/t) on improving exchange prices. After the revision, Balco’s effective price will stand at INR 229,000/t ($2,883/t), while Hindalco’s price will be INR 228,750/t ($2,880/t).