India: Nalco reduces aluminium ingot prices by INR 10,000/t ($130/t)

  • Nalco decreased primary aluminium ingot (P1020, 99.7%) prices by INR 10,000/t ($130/t) on 28 Apr’22 compared to 21 Apr. The effective price stands at INR 272,900/t ($3,562/t).
  • The three-month LME aluminum contract price was recorded at $3,132/t yesterday, up $38/t as against $3,094/t the previous trading day.
  • NALCO has production capacity of around 400,000 t per annum and accounts for 11% of India’s market share.

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