India: Hindalco, Balco raise aluminium ingot prices by up to INR 10,000/t ($118/t)

India’s primary producers raised aluminium ingot (P1020, 99.7%) prices by up to INR 10,000/t ($118/t) compared to 7 Nov. Post-revision, Hindalco’s prices were at INR 262,750/t ($3,114/t), up by INR 9,750/t ($115/t), and Balco’s were at INR 264,750/t ($3,137/t), up by INR 10,000/t ($118/t). All prices are ex-works and exclude GST. At the time of reporting, aluminium futures on the LME stood at $2,689/t.