India: Hindalco, Balco raise aluminium ingot prices by up to INR 5,750/t ($69/t)

India’s primary producers have increased aluminium ingot (P1020, 99.7%) prices by INR 5,750/t ($69/t) today in comparison with 20 Aug’24. Balco’s prices were increased by INR 5,750/t (69/t) to INR 243,500/t ($2,902/t) and Hindalco’s prices were at INR 241,250/t ($2,876/t), up by INR 5,500/t ($65/t). All prices are ex-works and exclude GST. At the time of reporting, aluminium futures on LME stood at $2,488/t.