India: Hindalco, Balco raise aluminium ingot prices by up to INR 4,500/t ($51/t)

India’s primary aluminium producers increased ingot (P1020, 99.7%) prices by up to INR 4,500/t ($51/t) compared to 24 Oct’25. Post-revision, Hindalco’s prices were at INR 288,750/t ($3,271/t), up by INR 3,500/t ($40/t), while Balco’s were at INR 291,250/t ($3,300/t), up by INR 4,500/t ($51/t). All prices are ex-works, excluding GST. At the time of reporting, aluminium futures on the LME stood at $2,856/t.