India: Hindalco, Balco cut aluminium ingot prices by INR 2,250/t ($26/t)
Hindalco and Balco, India's primary producers, reduced aluminium ingot (P1020, 99.7%) prices by INR 2,250/t ($26/t) today, compared to 12 Nov'24. Post-revision, prices stood at INR 251,750/t ($2,983/t) for Hindalco and INR 253,750/t ($3,007/t) for Balco. All prices are ex-works and exclude GST. At the time of reporting, aluminium futures on the LME were at $2,566/t.