India: Hindalco reduces aluminium P1020 ingot prices by INR 4,500/t ($53/t)
Hindalco, one of India's leading aluminium producers, reduced prices of its primary aluminium P1020 (99.7%) ingots by INR 4,500/t ($53/t), effective 14 Dec'24. Hindalco's new prices stood at INR 256,500/t ($3,024/t), down from INR 261,000/t ($3,077/t) on 7 Dec. All prices are ex-works and exclude GST. At the time of reporting, aluminium futures on the LME stood at $2,591/t.