India: Hindalco, Balco hike aluminium ingot prices by INR 3,500/t ($39/t)

India’s primary aluminium producers increased ingot (P1020, 99.7%) prices by INR 3,500/t ($39/t) compared to 25 Sep’25. Post-revision, Hindalco’s prices are at INR 269,000/t ($3,032/t), while Balco’s are at INR 272,000/t ($3,066/t). All prices are ex-works, excluding GST. At the time of reporting, aluminium futures on the LME stood at $2,657/t, showing a 1% gain from the previous day.