India: Balco hikes aluminium ingots prices by INR 6,500/t ($85/t)

  • Balco increased primary aluminium ingots (P1020, 99.7%) prices by INR 6,500/t ($85/t) today. The effective price stands at INR 291,750/t ($3,817/t) exw.
  • The three-month LME aluminium contract price was recorded at $3,342/t yesterday, up $57/t against $3,285/t the previous trading day.
  • The company has two bauxite mines at Mainpat and Kawardha in Chhattisgarh, with a capacity of 4.5 mnt and 2.3 mnt respectively.

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