India: Hindalco raises aluminium P1020 ingot prices by INR 4,500/t ($53/t)

Hindalco, one of India’s leading aluminium producers, increased prices of its primary aluminium P1020 (99.7%) ingots by INR 4,500/t ($53/t), effective 26 Nov’24. Hindalco’s revised prices were at INR 259,250/t ($3,075/t), up from INR 254,750/t ($3,021/t) on 19 Nov’24. All prices are ex-works and exclude GST. At the time of reporting, aluminium futures on the LME stood at $2,620/t.