MCX aluminium hits record high of INR 350.9/kg as supply tightens
This story was originally published at 12:14 IST on 9 March 2026
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--MCX March aluminium hits fresh record high of INR 350.9 per kg
MUMBAI – Futures contracts of aluminium on the Multi Commodity Exchange of India surged to fresh all-time highs Monday as the escalating conflict in West Asia heightened concerns about tighter global supplies. At 1134 IST, the most-active March aluminium contract on the MCX was up nearly 2% at INR 345.5 per kg, after hitting a record high of INR 350.9 per kg earlier in the day.
The metal's prices rose to a record high as supply concerns exacerbated after Qatari smelter Qatalum began shutting down production and Aluminium Bahrain declared force majeure on its shipments. Persistent hostilities in West Asia have disrupted shipping through the Strait of Hormuz, a crucial waterway for the Gulf, which accounts for about 9% of global aluminium production. "Aluminium Bahrain (Alba), which operates one of the world's biggest aluminium smelters, declared a force majeure on Wednesday, halting shipments as shipping through the Strait of Hormuz has ground to a near halt," SMC Global Securities said in a report.
"Extended disruption in the Strait would simultaneously choke alumina inflows and aluminium exports for Middle Eastern smelters. That would tighten global supply meaningfully," Ewa Manthey, commodities strategist at ING, had said in a report. "We remain bullish on aluminium as supply tightens, with China's capacity cap, the Mozal shutdown, stalled restarts in Europe and the US, and Middle East disruptions all reinforcing market tightness." End
US$1 = INR 92.25
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Reshma Ravi
Edited by Tanima Banerjee
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