India: Hindalco, Balco raise aluminium ingot prices by up to INR 4,000/t ($46/t)

India’s primary producers increased aluminium ingot (P1020, 99.7%) prices by up to INR 4,000/t ($46/t) compared to 23 Apr’25. Post-revision, Hindalco’s prices were at INR 244,500/t ($2,857/t), up by INR 4,000/t ($46/t), and Balco’s were at INR 245,000/t ($2,864/t), up by INR 3,000/t ($35/t). All prices are ex-works and exclude GST. At the time of reporting, aluminium futures on the LME stood at $2,440/t.