This market resolves YES if Hindalco Industries's primary aluminum production for calendar year 2027 (January 1 – December 31, 2027) exceeds 1.4 million tonnes.

Settlement is May 31, 2028 — the close pushes ~5 months past year-end so the producer's full-year financial report and December 2027 monthly print are well-published before resolution.

Context. Hindalco Industries is India's largest primary aluminum producer (Aditya Birla Group). FY24 (Apr 2023 – Mar 2024) production was a record 1.34 Mt with brownfield expansion underway at Aditya and Mahan smelters. The 1.4 Mt strike for calendar 2027 reflects gradual ramp; calendar-year resolution requires summing four quarterly press releases that span FY27 Q4 + FY28 Q1–Q3.

Resolution sources (priority order):

Hindalco Industries quarterly results and integrated annual report https://www.hindalco.com/investors/financials

Hindalco quarterly press releases https://www.hindalco.com/media/press-releases

International Aluminium Institute (IAI) primary aluminum statistics https://international-aluminium.org/statistics/primary-aluminium-production/

Reuters / Bloomberg / Argus aluminum coverage for cross-validation

Related markets across the cluster (calendar year 2027)

Upstream supply:

• Indonesia primary aluminum production

• Indonesia alumina capacity

• China alumina production

• Guinea bauxite exports

Producers (CY2027):

• Alcoa

• Century

• Chalco

• EGA

• Hongqiao

• Norsk Hydro

• Rio Tinto

• Rusal

• Vedanta

Electricity hubs (CY2027):

• MISO Indiana Hub

• Nord Pool

• OMIE Spain

• Vic NEM

• WA SWIS

Same market, other calendar year:

• Hindalco CY2028