Continued LME aluminium price drop drives NALCO to further cut its aluminium prices by INR6700/t

In response to the continued decline of the global aluminium price on the London Metal Exchange (LME), National Aluminium Company Limited (NALCO) has further reduced its aluminium ingot and aluminium product prices, with effect from May 1, 2024.

This latest cut marks the second consecutive reduction in NALCO’s aluminium selling prices. Last time, on April 26, NALCO had trimmed its aluminium prices by INR 5,200 per tonne, and subsequently with effect from May 1, NALCO slashed the prices by another INR 6,700 per tonne.

Hence, the company’s aluminium ingot price is currently standing at INR 245,450-248,950 per tonne versus INR 252,150-255,650 per tonne on April 26. NALCO’s aluminium wire rod and aluminium billet prices are ranging between INR 254,450-258,800 per tonne and INR 249,900-252,550 per tonne, respectively, compared to INR 261,150- 265,500 per tonne and INR 256,600-259,250 per tonne as of April 26.