India: Hindalco, Balco cut aluminium ingot prices by INR 7,250/t ($86/t)

Hindalco and Balco, India’s primary producers, reduced aluminium ingot (P1020, 99.7%) prices by INR 7,250/t ($86/t) today, compared to 16 Nov’24. Post-revision, prices stood at INR 254,750/t ($3,017/t) for Hindalco and INR 256,750/t ($3,041/t) for Balco. All prices are ex-works and exclude GST. At the time of reporting, aluminium futures on the LME were at $2,625/t.