Hindalco and Balco, India’s primary aluminium producers, reduced aluminium ingot (P1020, 99.7%) prices by up to INR 3,500/t ($41/t) today against 7 May’25. Post-revision, Hindalco’s prices stood at INR 240,250/t ($2,824/t), down INR 3,500 ($41/t), and Balco’s at INR 241,250/t ($2,836/t), down by INR 2,500/t ($29/t). All prices are ex-works and exclude GST. At the time of reporting, aluminium futures on the LME were at $2,385/t.
India: Hindalco, Balco cut aluminium ingot prices by up to INR 3,500/t ($41/t)
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