India: Hindalco, Balco raise aluminium ingot prices by INR 3,250/t ($39/t)

India’s primary producers increased aluminium ingot (P1020, 99.7%) prices by INR 3,250/t ($39/t) today, compared to 12 Sep’24. Hindalco’s prices were at INR 237,750/t ($2,833/t) and Balco’s at INR 239,750/t ($2,856/t). All prices are ex-works and exclude GST. At the time of reporting, aluminium futures on the LME stood at $2,432/t.