Hindalco and Balco, India’s primary producers, reduced aluminium ingot (P1020, 99.7%) prices by up to INR 5,500/t ($65/t) today, compared to 31 Oct’24. Post-revision, prices stood at INR 255,500/t ($3,037/t) for Hindalco and INR 257,500/t ($3,061/t) for Balco. All prices are ex-works and exclude GST. At the time of reporting, aluminium futures on the LME were at $2,649/t.
India: Hindalco, Balco cuts aluminium ingot prices by up to INR 5,500/t ($65/t)
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