India: Hindalco, Balco cut aluminium ingot prices by INR 5,500/t ($63/t)

Hindalco and Balco, India’s primary aluminium producers, reduced aluminium ingot (P1020, 99.7%) prices by INR 5,500/t ($63/t) today compared to 9 Apr’25. Post-revision, prices stood at INR 238,750/t ($2,767/t) for Hindalco and at INR 239,500/t ($2,775/t) for Balco. All prices are ex-works and exclude GST. At the time of reporting, aluminium futures on the LME were at $2,569/t.