India: Hindalco lowers aluminium ingots prices by INR 4,750/t ($62/t)

  • Hindustan Aluminium Corporation Limited (Hindalco) decreased primary aluminium ingots (P1020, 99.7%) prices by INR 4,750/t ($62/t) today. The effective price stands at INR 251,250/t ($3,265/t).
  • The closing price for the three-month aluminium futures on LME stood at $2,842/t on 06 May 2022 against $2,916/t the previous trading day.
  • The company has a production capacity of 1.2 mnt pa and accounts for 34% of the domestic market share.

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