India: Hindalco, Balco raise aluminium ingot prices by up to INR 3,500/t ($40/t)

India’s primary producers increased aluminium ingot (P1020, 99.7%) prices by up to INR 3,500/t ($40/t) compared to 2 Aug’25. Post-revision, Hindalco’s prices were at 263,750/t ($3,004/t), up by INR 3,250/t ($37/t), and Balco’s at INR 266,500/t ($3,036/t), up INR 3,500/t ($40/t). All prices are ex-works and exclude GST. At the time of reporting, aluminium futures on the LME stood at $2,571/t.