Vedanta and Hindalco raised price of aluminium ingots by 1% with effect from Wednesday December 25

Two major Indian aluminium producers Vedanta and Hindalco have raised their ingot prices in the domestic market.

Vedanta has increased the prices of aluminium ingots by more than 1% with effect from December 25. The price for Vedanta aluminium now stands at INR 143,750-156,750 per tonne. This is the second time in a row that the company has raised the prices of its products.

The Indian producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. So far this quarter, the three-month futures of aluminium are up more than 5% on the London Metal Exchange.

Similarly, Hindalco Industries Ltd has raised the prices of its aluminium ingots, billets and wire rods by more than 1% with effect from December 25. The price for Hindalco aluminium now stands at INR 145,250-155,850 per tonne.

Hindalco Industries' aluminium operations, excluding those of Novelis Inc, generally account for nearly half of its sales and 70% of its operating profit.

Copyright and Exemption Declaration :¢ÙAll articles, pictures and videos that are marked with "China Aluminum Network" on this website are copyright and belong to China Aluminium Network (www.alu.com.cn). When transshipment, any media, website or individual must list the source from "China Aluminium Network (www.alu.com.cn)". We seek legal actions against anyone that disobey this. ¢ÚArticles that marked as copy from others are for transferring more information to readers, do not represent or endorse their opinions or accuracy and reliability. When other media, website or individuals copy from our website, must keep the source. Anyone that changes the articles' sources will hold the responsibilities for copyright and law problems. We also seek legal actions against anyone that disobey this. ¢ÛIf any articles copied by our website concern the copyright and other problems, please contact us within one week.