NALCO, a leading mining and metals company in India, has increased the price of its primary aluminium ingots (P1020, 99.7%) by INR 6,700 per ton ($76 per ton) on February 7, 2025. The current price stands at INR 271,600 per ton ($3,141 per ton), up from INR 264,900 per ton ($3,029 per ton) on January 24, 2025. Prices are ex-works and do not include GST.
Other Indian primary producers have also increased the price of their aluminium ingot (P1020, 99.7%) by up to INR 3,750 per ton ($42 per ton) compared to January 6, 2025. Hindalco’s prices rose to INR 274,750 per ton ($3,142 per ton), up INR 3,750 per ton ($42 per ton), while Balco’s prices climbed to INR 275,250 per ton ($3,148 per ton), also up INR 3,750 per ton ($42 per ton). All prices are ex-works and do not include GST.
The revised prices are compared to the prices of aluminium futures on the London Metal Exchange (LME), which stood at $2,643 per ton at the time of reporting. The price revision is a reflection of the fluctuations in the global aluminium market.