India’s major automaker reduces aluminium ADC12 Sept’24 prices by INR 3,500/t

India’s top automobile manufacturer has set ADC12 Sept’24 settlement prices at INR 218,500/t, down INR 3,500/t from last month’s INR 222,000/t. The price cut matched the levels which OEMs anticipated in Sept’24 settlement prices. It is noteworthy amid the decrease in raw material and LME prices. As per BigMint assessment ADC12 price (Automobile-OEM) for Aug is INR 219,000/t ex Delhi, down INR 2,000/t m-o-m.