Tag: aluminium price decline

India: Hindalco, Balco cut aluminium ingot prices by up to INR 4,250/t ($50/t)

Nov 12, 2024

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by

Manya Dewangan

in Aluminium, Non Ferrous

Hindalco and Balco, India’s primary producers, reduced aluminium ingot (P1020, 99.7%) prices by up to INR 4,250/t ($50/t) today, compared to 9 Nov’24. Post-revision, prices stood at INR 254,000/t ($3,009/t) for Hindalco and INR 256,000/t ($3,033/t) for Balco. All prices are ex-works and exclude GST. At the time of reporting, aluminium futures on the LME…