India: Primary aluminium producers hike ingot prices by up to INR 4,000/t ($48/t)

India’s primary aluminium producers have increased ingot (P1020, 99.7%) prices today by up to INR 4,000/t ($48/t).  Nalco’s prices are at INR 237,200/t ($2,845/t), up INR 4,000/t. Balco’s prices are at INR 236,750/t ($2,840/t). All prices are ex-works and exclude GST. At the time of reporting, aluminium futures on LME stood at $2,468/t.