MCX aluminium hits record high of INR 358.7/kg as supply concerns intensify
This story was originally published at 14:40 IST on 6 April 2026
Register to read our real-time news.Informist, Monday, Apr. 6, 2026
--MCX aluminium April contract hits new record high of INR 358.7 per kg
MUMBAI – Futures contracts of aluminium surged to a fresh all-time high on the Multi Commodity Exchange of India on Monday as concerns over supply intensified after Iran struck key aluminium producers in West Asia. Damage to facilities operated by Emirates Global Aluminium and Aluminium Bahrain has disrupted output, and partial shutdowns have further tightened supply, analysts said.
A halt at Emirates Global Aluminium's 1.6 million-tonne-per-annum Al Taweelah smelter and Aluminium Bahrain's earlier reductions would take around 3 million tonnes per annum of capacity out, "close to half" of West Asia's aluminium production, analysts at ING Economics said citing a Wood Mackenzie report. "That marks a sharp escalation from the roughly 8-9% disruption we were flagging in mid-March," they said.
The ongoing conflict and closure of the Strait of Hormuz have also restricted shipments to major markets like the US and Europe, adding to market uncertainty, Amit Gupta, analyst at Kedia Advisory said in a note. "LME warehouse stocks have dropped sharply over the past year, and physical premiums have surged to multi-year highs, reflecting tight availability," he said.
Additional risks are emerging from Guinea, a major bauxite supplier, which is considering export restrictions. At 1339 IST, the most-active April contract of aluminium on the MCX was up 2.7% at INR 357.05 per kg, after hitting a record high of INR 358.7 per kg earlier in the day. End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Taniva Singha Roy
Edited by Ashish Shirke
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2026. All rights reserved.
To read more please subscribe
Share this Story:
